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Investors pull $1.5b from GQG amid Adani allegations
The Adani bribery charges have sparked a “snap change” in client flows for the fund manager and research analysts are cutting their price targets.
Adani investor GQG's shares plunge over 15% after UBS downgrades stock, cuts target price
UBS cut its target price on
GQG
— the fourth largest investor in
Adani
Enterprises — to Australian dollars $2.30 from AU$3.30 This is the Swiss firm's first ever downgrade of the stock since ...
GQG Plans Buyback After Stock Slumped on Adani Investments
Rajiv Jain’s GQG Partners Inc., one of the biggest investors in units of Adani Group, said it will buy back its own shares after they plunged on concern over the money manager’s exposure to the embattled Indian conglomerate.
GQG Launches Buyback After Stock Tumbles on Adani Probe
One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.
GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani
GQG Partners , which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate's chair, was indicted in the U.S. over charges of bribery and fraud.
GQG Partners' Steadfast Support Amid Adani Controversy
Boutique investment firm GQG Partners has expressed confidence in the Adani group despite recent bribery allegations against its promoters. GQG believes the charges target individuals and not the firms themselves,
Major Adani Investor GQG Shares Fall 13% After Analyst Downgrade
GQG
is a major backer of
Adani
Group companies, whose founder Gautam
Adani
and seven other company associates have been indicted by U.S authorities on bribery charges.
Adani
Group says the ...
Shares in major Adani investor GQG plunge after analyst note on outflows
By Scott Murdoch SYDNEY (Reuters) -Shares of Australian-listed GQG Partners tumbled 13% on Monday after UBS downgraded the stock and said the firm may have lost A$600 million ($390 million) in funds under management in the two days following the indictment of Adani Group executives.
The Telegraph
1d
Adani scandal fallout: Rajiv Jain’s GQG Partners faces client exodus over huge investment bet
Gautam
Adani
, has widened with investors yanking hundreds of millions of dollars from the Florida-based money manager
GQG
...
capitalbrief
1d
GQG shares gain as Morgans downplays impact of Adani exposure
Shares in GQG Partners climbed on the ASX after Morgans upgraded its rating on the fund manager from 'hold' to 'add' and ...
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