Successful companies 'inevitably' targeted in China: GQG's Rajiv Jain

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…