A defiant Rajiv Jain is adamant that he knows what he’s doing, despite an ill-timed mid-year pivot from artificial intelligence bear to bull, which sent GQG Partners’ $US11.9 billion ($17 billion) US equity fund tumbling 10 per cent last month.
The chief investment officer of the $213 billion ASX-listed asset manager was once an outspoken sceptic of Wall Street’s infatuation with AI stocks, branding it “the dot com boom on steroids ”, costing his firm performance and assets under management.
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