GQG Partners' Sale of Adani Energy Shares Disrupts Hedge Fund Positions During MSCI Rebalancing

GQG Partners' unexpected sale of Adani Energy Solutions shares flooded the market during MSCI's index rebalancing auction, triggering a 10% stock drop and disrupting passive-fund buying strategies.

5 Sept, 06:36 — 5 Sept, 06:36

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economic-times14h 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.

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GQG Partners' Sale of Adani Energy Shares Disrupts Hedge Fund Positions During MSCI Rebalancing

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GQG sale of Adani Energy shares said to disrupt hedge fund bets

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