Turkey’s Fund Hurricane Becomes Political Football
5 Articles
5 Articles
Nearly 456,000 Turkish Investors Affected by $18 Billion Fund Liquidations
Turkey’s capital markets regulator says 455,758 individual investors hold stakes in more than 100 investment funds ordered into liquidation after a recent market selloff. The ... The post Nearly 456,000 Turkish Investors Affected by $18 Billion Fund Liquidations first appeared on [your]NEWS.
A former Turkish ambassador to the OECD, a well-known economist and television commentator, founders and heads of financial companies are at the center of the investigation into the collapse of the Funds “bubble”, a scandal worth 18 billion dollars. But behind the names of the political and economic elite and the billions, there are over 455,000 people who are trapped in […] The post Former ambassador and top financiers: The faces of the Turkish…
Following the fund liquidation and crisis process within the Istanbul Stock Exchange, TÜKONFED Deputy Chairman Attorney İbrahim Güllü explained the legal rights of the affected investors, the compensation conditions, and the application procedures to be followed to Bengü Sarıkuş, Special News Chief of Tgrthaber.com.
CANAN COŞKUN | While Tera funds' stake in Özata Denizcilik's publicly traded shares reached 86%, Talat Ulussever, former Chairman of the Istanbul Stock Exchange and former Deputy Chairman of the Capital Markets Board, became an independent member of the company's board of directors and audit committee. Approximately two weeks after Ulussever, who is also a "parachute" academician at Boğaziçi University, took this position, a default crisis erupt…
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