50% gain in 3 months from Adani stocks: Behind GQG Partners’ Rajiv Jain’s investing style
Rajiv Jain, founder and CIO, GQG Partners; image courtesy of GQG Partners
Synopsis
A macro investor with a keen eye on deep value, Rajiv Jain takes big bets on big companies in emerging markets. He, however, invests in companies where the government’s policy matters a lot. He picks those that are either monopolies or have critical market share in the business they operate in. No wonder India and Brazil top his list.
Rajiv Jain is an unapologetic capitalist. When the Adani Group gained international infamy earlier this year following the Hindenburg report, Indian-origin Jain, chairman and CIO at GQG Partners, sensed an opportunity amid the crisis. Adani Group stocks had corrected sharply and were down more than 50% from their peak valuations. That’s when Jain decided to invest INR15,446 crore (USD1.87 billion) in four Adani Group companies in early March.
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