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Market Impact: 0.58
Turkey Freezes Assets of Fund Executives in Redemption Crisis
Source: Bloomberg
Regulation & LegislationLegal & LitigationBanking & LiquidityInvestor Sentiment & PositioningEmerging Markets
Turkey froze assets linked to executives at several investment firms, broadening an investigation into a fund-industry crisis. The crisis has already caused redemption failures, arrests and a sharp stock-market selloff, raising liquidity, governance and investor-confidence risks in Turkish financial markets.
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