GQG faces ‘redemption risks’ as anti-tech bet scares off investors

Investors yanked $US2.1 billion ($3.1 billion) from GQG Partners at the end of last year as chief investment officer Rajiv Jain’s controversial call to avoid technology stocks continued to backfire on the high-profile fund manager, weighing on returns across the business.

Jain has been among the most vocal sceptics in the tech rally and the exuberance around the so-called artificial intelligence revolution. The fund manager describes the long-running trade as “dotcom on steroids”, referring to the boom and bust years of internet stocks in the late 1990s.

Source: https://www.afr.com/markets/equity-markets/gqg-faces-redemption-risks-as-anti-tech-bet-scares-off-investors-20260113-p5ntl0