Finance2h ago
GQG sale of Adani Energy shares said to disrupt hedge fund bets
GQG Partners’ Adani Energy Solutions stake sale added unexpected supply during MSCI’s rebalancing auction, overwhelming passive-fund demand and contributing to a 10% stock decline. Hedge funds positioned for index-driven buying were also affected. About $569 million of shares changed hands, while GQG’s stake had fallen to 3.46% by August-end.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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