GQG sale of Adani Energy shares said to disrupt hedge fund bets
· economictimes.indiatimes.com
GQG Partners Adani Energy Solutions stake sale added unexpected supply during MSCIs 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 GQGs stake had fallen to 3.46% by August-end.
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