News Snapshot:
Rajiv Jain, the founder of Florida-based GQG Partners, says he is backing Chinese state-owned enterprises over private entrepreneurs, as any sector which is too successful in China will “inevitably” be picked apart by regulators. GQG’s Rajiv Jain. Benjamin Rusnak Mr Jain will be addressing Australian investors via video link at the JANA Annual Conference on Thursday. The ASX-listed fund manager last month reported August funds under management had jumped $US6.1 billion ($9.6 billion) over the June half to $US104.1 billion, against the wider industry trend of falling assets and profits. A substantial portion of inflows came from US investors, via...
