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

GQG Partners Adani Energy Solutions stake sale added unexpected supply during MSCIs 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 GQGs stake had fallen to 3.46% by August-end.

Raccontata daeconomictimes.indiatimes.com