GQG adds more Nvidia, considers increasing exposure to Adani, says CIO

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Written by Carolina Mandel

NEW YORK (Reuters) – One of the big buyers of Nvidia Corp shares in the first quarter, Australia-listed investment firm GQG Partners, said it has continued to increase its exposure to the company since then and intends to buy more shares of India’s Adani Group.

Fort Lauderdale, Florida-based GQG, which manages about $100 billion in assets, added 8.2 million Nvidia shares in the first quarter, worth $2.3 billion at the time, according to a regulatory filing. Since then, Chief Investment Officer Rajeev Jain said in an interview that GQG has “measurably strengthened” its position in Nvidia. The CIO refused to disclose how much he invested the most.

Jain also said the asset manager is considering increasing its exposure to Adani by participating in the capital raises announced by the group in May.


 

(Reporting by Carolina Mandel, in New York)

(Only the title and image for this report may have been reworked by the Business Standard team; the rest of the content is generated automatically from a shared feed.)

First published: Jun 01 2023 | 10:58 PM ist