VERIFIEDET Stocks·5 Sept 2026negative

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

AI Summary

·GQG Partners sold Adani Energy Solutions shares during MSCI's rebalancing auction.
·The sale added unexpected supply, overwhelming passive fund demand and causing a 10% stock decline.
·Approximately $569 million of shares were traded, reducing GQG's stake to 3.46% by August-end.