Rajiv Jain launched GQG Partners, a Ft. Lauderdale, Fla., asset management firm, spokesman Chris Sullivan said.
Mr. Jain was CIO of Vontobel Asset Management. He was replaced by his deputy, Matthew Benkendorf. Vontobel has been losing assets because of Mr. Jain’s departure.
GQG will focus on global and emerging markets long-only equity strategies. Mr. Jain will be chairman and chief investment officer, while Tim Carver will serve as CEO.
GQG is partnering with Pacific Current Group, a Sydney-based multiboutique money manager created from the merger of Northern Lights Capital Group and Treasury Group.
Mr. Carver was CEO of Pacific Current. He will remain available to the company on a consulting basis as needed while the company searches for a replacement, said a news release from Pacific Current.