tldrdaily.news logo
Tag

Gqg Partners

All articles tagged with #gqg partners

business2 years ago

Adani's Stock Rebounds with GQG's Investment Gain.

GQG Partners' investment in Adani Group stocks has gained nearly 60% in less than three months, with the value of their holding in the four Adani companies rising by over Rs 9,000 crore to Rs 24,659 crore. Founder Rajiv Jain plans to add more and participate in the group's fundraising plans, citing the quality of assets and attractive valuation. The investment helped shore up investor confidence after Hindenburg Research's allegations caused the Adani stocks to tumble, and the Adani Group also repaid debt worth $3 billion to allay investor fears, aiding recovery.

via BQ Prime|
#adani-group#business#gqg-partners
finance2 years ago

Top Investor Sells Entire Stake in Charles Schwab Amid Banking Turmoil

GQG Partners, a top investor in Charles Schwab, sold its entire $1.4 billion stake in the bank due to fears of unrealized losses on its bond portfolio and a run on deposits. Schwab's stock has dropped over 30% since the start of March, making it one of the worst-hit banks. Despite the turbulence, Schwab reported the second-highest inflows in March in bank history, bringing in more than $54 billion of core net new client assets.

via Markets Insider|
#banking-sector#charles-schwab#deposit-withdrawals
finance2 years ago

Charles Schwab's Top Investor Dumps Entire Stake Amid Banking Crisis

GQG Partners, one of Charles Schwab's main investors, sold off its entire stake in the brokerage due to fear of losses over its bond portfolio and the movements of deposits that could hinder the brokerage giant's growth in the future. Schwab's stock has tanked 38% so far this year, after a tumble that began in early March in the wake of the collapse of Silicon Valley Bank and two other U.S. lenders. Schwab customers reacted to the banking turmoil by moving deposits into higher yielding products such as the firms' money-market funds, which would cause the broker to lose deposit revenue.

via MarketWatch|
#banking-crisis#charles-schwab#finance