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Turkish Funds With $7.5 Billion Assets Default on Redemptions
Source: Bloomberg
Banking & LiquidityEmerging MarketsInvestor Sentiment & Positioning
Tera Portfoy Yonetimi AS said two funds managing a combined TRY366 billion ($7.5 billion) failed to satisfy redemption requests. The disclosure marks the second Turkish asset manager this week to report fund defaults, signaling escalating liquidity stress and potential contagion risks across Turkey's asset-management sector.
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