GQG Partners’ assets climbed in November, soothing concerns that its $US10 billion ($15.6 billion) bet on Indian conglomerate Adani could trigger an exodus from the high-flying asset manager.

The Fort Lauderdale-based firm said its funds under management were $US159.5 billion at the end of November, up from $US159.4 billion one month earlier. That figure jumped to $US161.5 billion by December 6, partly driven by the ongoing rally in global equity markets.