Turkish Fund’s Goldman Dreams Collapse in ‘Ponzi-Like Scheme’
6 Articles
6 Articles
Tera Group, a group that had skyrocketed its stock market value and attracted thousands of investors with impressive returns, is now facing investigations, liquidations of funds and accusations of Ponzi-like investment practices.
Tera Group, which aspired to become the "Goldman Sachs of Turkey," found itself at the center of a financial crisis after stocks and mutual funds collapsed.
Tera, which rapidly grew with the ambition of becoming "Turkey's Goldman Sachs," has seen its rise to prominence take on a different picture following the funding crisis. Bloomberg analyzed the company's rapid growth, its investments concentrated in related companies, and the sharp unraveling that followed regulatory intervention.
Bloomberg reported that Tera Group's rapid growth trajectory, aimed at becoming "Turkey's Goldman Sachs," has been reversed by liquidity crises in its investment funds, liquidation decisions, and legal investigations. The article noted that some of Tera Portfolio's funds had generated returns exceeding 17,000 percent since the beginning of 2025, and that its strategy relied on concentrating on related and illiquid stocks and growing positions th…
The funding crisis in Türkiye has received extensive coverage in the international press. According to Bloomberg's analysis, Tera Group, which is rapidly growing with the goal of becoming Turkey's "Goldman Sachs," has concentrated and heavily indebted assets...
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