Investment management firm GQG Partners saw its funds under management fall by US$2.2 billion in December 2025, as net outflows for the year more than doubled.
As of Dec. 31, 2025, GQG's FUM stood at US$163.9 billion, down from US$166.1 billion at the end of November 2025.
Despite the decline, the firm finished the year above the US$153 billion recorded at the end of December 2024, thanks to strong overall investment performance offsetting outflows.
Net outflows reached US$2.1 billion in December 2025, bringing total outflows for the year to US$3.9 billion.
Investment performance for the month posted a US$100 million loss, while gains for the year totaled US$14.8 billion.
GQG attributed the relative underperformance across its strategies to its defensive positioning through year-end, aimed at protecting client assets amid elevated valuations, weakening fundamentals, and macroeconomic uncertainty.