GQG Co-founder Rajiv Jain is creating an investing empire in Florida

In 2022, when most asset managers watched clients yank cash from their funds as markets cratered, GQG thrived

Rajiv Jain is everything that Cathie Wood isn’t. The co-founder of GQG Partners doesn’t have a Twitter account and rarely appears on TV. And in his growth stock funds, there are no driverless-car companies or hypersonic-missile manufacturers. Instead, you will find lots of industries with a decidedly 20th-century feel: oil, tobacco, banking.

This formula has proven spectacularly successful. In less than seven years, Jain, the former chief investment officer at Vontobel Asset Management, has built GQG into a $92 billion powerhouse. Few, if any, startup funds in recent memory have raised so much money in so little time, according to Morningstar