A firm believer that the active fund management’s main job is outperformance, GQG Partners’ co-founder Rajiv Jain’s bet on Adani Group stocks has raised many eyebrows on the Street.
More so given his preference for defensive stocks and companies with solid balance sheets.
However, his interaction with Australian Financial Review on Thursday, throws more light on his investment of nearly $2-billion on the beleaguered conglomerate. He said that he had been following the group companies for the last five years but it was only now that they were available at a good price.
On the question of Hindenburg Research, he