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VERIFIEDMint Markets·negative
Turkish Funds With $7.5 Billion Assets Default on Redemptions
AI Summary
- ·Tera Portfoy Yonetimi AS announced two of its funds failed to meet redemption requests.
- ·The affected funds have a combined 366 billion liras in assets.
- ·This marks the second Turkish asset manager to default on some funds this week.