We are GQG Partners LLC, a boutique investment management firm primarily providing global,
international, emerging markets and U.S. equity investment portfolios, primarily for institutional clients.
We are a registered investment adviser based in Fort Lauderdale, Florida and were formed in 2016. We
and/or our affiliates have offices in Seattle, Washington, New York, New York, London, United
Kingdom and Sydney, Australia.
We are committed to providing exceptional investment services to our clients and are focused on
building a long-term investment boutique with an investment-centered culture and a commitment to
alignment and transparency within our team and with our clients.
We are a Delaware limited liability company and a wholly owned subsidiary of GQG Partners Inc., a
Delaware corporation that is listed on the Australian Securities Exchange. The majority owner of GQG
Partners Inc. is QVFT, LLC, which is controlled by Rajiv Jain, our Chairman and Chief Investment
Officer.
We provide investment advisory and sub-advisory services on a discretionary or non-discretionary basis
to a range of clients. We offer several different equity investment strategies. Subject to the client-
driven restrictions described in the paragraphs below, all portfolios in a given strategy are managed
similarly to limit the dispersion of returns across client portfolios. Please see Item 8. Methods of
Analysis, Investment Strategies and Risk of Loss, below, for more information about our strategies
and related investment risks, which clients should review carefully before deciding to engage us. We
cannot guarantee that a client’s investment objectives will be achieved, and we do not guarantee the
future performance of any client’s account or any specific level of performance, the success of any
investment decision or strategy, or the success of the overall management of any account. The
investment decisions we make for clients are subject to risks, and investment decisions will not always
be profitable.
A client may customize its investments with investment guidelines, restrictions, and limitations
(“guidelines”). These client-driven guidelines are typically set forth in the investment management
agreement between us and our clients.
We provide (or expect to provide) investment advisory services in connection with various managed
account programs, including, but not limited to, “wrap” account programs, “dual contract” programs
and/or “model-portfolio” programs sponsored, organized and/or administered by third-party sponsors.
A wrap account program is an advisory program under which a fee not based directly upon transactions
in a client’s account is charged for investment advisory services,
custody and the execution of client
transactions. In some instances, a client may enter into both an advisory agreement with both the
sponsor firm and GQG directly as an investment adviser (a “dual contract” arrangement). Under
managed account programs, the program sponsor typically provides certain services to program clients,
including, for example, assisting the client in selecting one or more investment advisers and/or
investment strategies based on the client’s investment objective, brokerage, custody and/or other account
services. Investment advisers, such a GQG, typically provide portfolio management services, which
may include providing a model portfolio to the program sponsor. With respect to securities purchased
and sold for wrap account program participants and dual contract clients, GQG generally manages such
accounts on a discretionary basis in a manner that is similar to the manner in which we manage
discretionary institutional accounts pursuing the same investment strategy. In model-portfolio
programs, GQG typically provides a model portfolio to the program sponsor, and the program sponsor
exercises investment discretion to execute trades on behalf of program participants. Please see Item 12.
Brokerage Practices, below, for information relating to our trade aggregation, allocation and order
practices.
The services GQG provides to managed account programs may differ from the services provided to
other clients. Wrap fee program accounts may involve fewer securities holdings and less frequent
trading due to cash availability, smaller account sizes, high cash balance minimums, supply of suitable
securities, and less ability for customization. Strategies, restrictions and guidelines may vary from
program to program.
Managed account program fees, trading procedures and minimums vary and are generally determined by
the program sponsor. Program sponsors typically pay a portion of the program fee paid by the client to
GQG for the investment advisory services that we provide in connection with the particular program,
although in certain programs, the client may pay GQG directly. A detailed description of fees, services
and other features of the specific managed account programs in which GQG participates should be
obtained from the sponsor of the program. In general, GQG relies on the program sponsor to determine
that the program is suitable for its clients, and GQG does not evaluate whether the program participant
would be better off paying for brokerage execution and investment advice separately.
As of December 31, 2022, we managed approximately $88 billion in client assets on a discretionary
basis and $456 million on a non-discretionary basis.