December 2024
GQG’s assets rebound from Adani fallout
The fund manager says its assets jumped $US2 billion last week to $US161.5 billion, despite concerns about its Adani investment. It did, however, terminate its share buyback.
- Updated
- Alex Gluyas
Investors pull $1.5b from GQG amid Adani allegations
The Adani bribery charges have sparked a “snap change” in client flows for the fund manager and research analysts are cutting their price targets.
- Alex Gluyas and Jonathan Shapiro
November 2024
Adani’s implosion is star stock picker Rajiv Jain’s biggest test
GQG Partners has a reputation for picking hugely profitable contrarian trades. A $US10 billion bet on the Indian conglomerate has put it in the firing line.
- Alex Gluyas and Jonathan Shapiro
Adani bribery case could disappear with Trump presidency
The US prosecution of the Indian billionaire has wide economic and diplomatic implications.
- Stefania Palma and Joe Miller
- Updated
- Corruption
Adani charged in US over ‘massive’ bribery scheme
Prosecutors accused the Indian billionaire and others of lying to investors and offering millions in kickbacks to land lucrative renewable energy contracts.
- Updated
- Joe Miller and Stefania Palma
July 2024
US hedge fund made 50pc on Adani short-sell attack
New York investment fund Kingdon Capital Management had advance notice of a research report accusing the Indian conglomerate of fraud last year.
- Bhuma Shrivastava and Bei Hu
June 2024
Russian mining membership dogs global coal lobby
Now known as FutureCoal, the organisation says it is “agnostic” after appointing a Russian director. Its members include Yancoal, Whitehaven and Incitec Pivot.
- Peter Ker
May 2024
- Exclusive
- Federal budget
Labor’s plan to ‘restore faith’ in Qld
Anthony Albanese said Labor’s Future Made in Australia Act was key to “restore faith” with blue-collar Queenslanders, who deserted the party in 2019 over the confused position on the Adani coal mine.
- Phillip Coorey
March 2024
US probes Gautam Adani and group over potential bribery
Investigators are digging into whether an Adani entity, or people linked to the company, paid officials in India for favourable treatment on an energy project.
- Tom Schoenberg and Ava Benny-Morrison
February 2024
Hindenburg short attack puts Aussie banks in the crosshairs
The short-seller’s latest target Temenos is a prolific supplier to Australian banking minnows.
- Lucas Baird
- Opinion
- Energy transition
Adani’s started solar in India. So should the Nats in the regions
Rather than worry about waking up with a transmission line in your back paddock, the biggest landscape threat is not renewables but climate change.
- Matt Edwards
December 2023
The 11 big trades of 2023: From market busts to career-making wins
A slew of trades around the world, from bank bonds to cryptocurrencies, either blew up or rocketed higher against expectations in 2023.
- Bloomberg News
Adani Green founders to invest $1.6b using warrants
The fundraising plan shows Adani Group’s rising confidence after a damaging broadside from Hindenburg Research early in 2023 plunged it into crisis.
- P R Sanjai and Advait Palepu
The new billionaires’ wealth haven is not where you think
The richest man in crypto, Changpeng Zhao, and hedge fund billionaire Ray Dalio are among dozens who’ve set up special purpose vehicles in Abu Dhabi this year.
- Ben Bartenstein
August 2023
Adani shares slide after hidden investor revelations
The media reports exposed opaque offshore structures that shielded some of the Indian group’s largest shareholders from public sight.
- John Reed, Jyotsna Singh and Dan McCrum
August 2023
Adani family’s partners used ‘opaque’ funds to invest in its stocks
A non-profit global network of investigative journalists says it has found at least two cases where the investors bought and sold Adani stock through offshore structures.
- Krishn Kaushik and Aditya Kalra
Secret paper trail reveals hidden Adani investors
After claims of share price manipulation, new documents uncover potentially controversial shareholders in one of India’s biggest conglomerates.
- Updated
- Dan McCrum and John Reed
Adani Ports names new auditors after Deloitte resigns
The replacement move may again put the spotlight on governance at the Indian conglomerate.
- Susanne Barton and Advait Palepu
June 2023
- Analysis
- Coal
The capital strike against coal has failed
The industry is easily circumventing the international campaign to deny it financing and looks likely to thrive into the next decade, The Economist reports.
- The Economist
May 2023
GQG’s Jain lifts Adani stake to $5.3b, plans to buy more
The hedge fund has upped its stake by about 10 per cent in billionaire Gautam Adani’s conglomerate with plans to be one of the largest investors within five years.
- P R Sanjai