GQG Partners executive chairman Rajiv Jain has failed to stem billions of dollars in outflows from the money manager, with clients still rattled by the high-profile investment chief’s backflip on the artificial intelligence trade.
Investors yanked $US2.3 billion ($3.3 billion) from GQG in September despite a stronger month of performance and Jain’s pivot back into the booming technology sector in July, after previously warning that the AI trade was “dotcom on steroids”.
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