GQG Partners
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S&P/ASX 200 component
S&P/ASX 300 component
 | |
| Company type | Public |
|---|---|
| ASX: GQG S&P/ASX 200 component S&P/ASX 300 component | |
| Industry | Investment management |
| Founded | March 2016 |
| Founders |
|
| Headquarters | , |
Key people |
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| Revenue |  US$436.83 million (FY 2022) |
| US$332.14 million (FY 2022) | |
 US$237.94 million (FY 2022) | |
| AUM | US$105 billion (June 2023) |
| Total assets | US$341.98 million (FY 2022) |
| Total equity | US$312.10 million (FY 2022) |
Number of employees | 172 (June 2023) |
| Website | www |
| Footnotes / references [1] | |
GQG Partners (GQG; short for Global Quality Growth) is an investment management company headquartered in Fort Lauderdale, Florida. The company focuses on active management of equity portfolios. It is currently traded on the Australian Securities Exchange and is a constituent member of the S&P/ASX 200 index.
Outside the United States, the company has offices in London and Sydney.
GQG was co-founded by Rajiv Jain and Tim Carver in March 2016. Jain who was previously co-CEO and the CIO of Vontobel Asset Management left his position to found GQG and hired Tim Carver as CEO due to his experience in guiding young investment firms. This allowed Jain to focus on the investment side while Carver could focus on the business side. No members of Vontobel's investment team joined Jain when he left and a new investment team had to be formed at GQG.[2][3][4][5]
In December 2016, GQG partnered with Goldman Sachs to launch the Goldman Sachs GQG Partners International Opportunities Fund (international fund) that would invest in equities globally.[6] It is GQG's largest fund at US$26 billion as of March 2023 and has produced an annual return of 10.8% since inception. Two of its largest holdings are British American Tobacco and Philip Morris International.[3][7]
At the end of 2017, GQG had US$10 billion in assets under management. Its rapid growth in a short period of time was considered unusual for a money manager. At the time 40% of GQG's clients were former Vontobel clients who moved from Vontobel to GQG.[5]
On 28 October 2021, GQG completed its initial public offering (IPO) on the Australian Securities Exchange raising US$893 million.It was the largest IPO in Australia during 2021. However its share price has traded below its offer price since.[2][3][7][8]
As of August 2023, Jain owns just under 70% of GQG while Carver owns 5.6%[7]
In September 2024, GQG Partners was charged by the U.S. Securities and Exchange Commission for hindering whistleblower protections, through its restrictive non-disclosure agreements that disallowed employees from reporting potential violations.[9]
