A defiant Rajiv Jain is adamant that he knows what he is doing, despite an ill-timed pivot from artificial intelligence bear to bull that sent GQG Partners’ $US11.9 billion ($17 billion) US equity fund tumbling 10 per cent last month.
The chief investment officer of the $213 billion ASX-listed asset manager was once an outspoken sceptic of Wall Street’s infatuation with AI stocks, branding it “the dot-com boom on steroids”, costing his firm performance and triggering billions of dollars in outflows.
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