Turkey Holds Two-Day Meeting on Redemption Plan for $20B in Liquidated Funds
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Following a wave of redemption failures that triggered domestic market turmoil, Turkey's economic authorities will convene a two-day meeting to discuss how to disburse funds to investors of 131 investment funds currently being liquidated. The meeting will cover the technical details of the liquidation process and investor payouts, with senior officials from major Turkish financial institutions in attendance. According to the latest data from the regulatory body, the Capital Markets Board has ordered the liquidation of 131 funds, totaling approximately $20 billion and involving nearly 456,000 individual investors.
Source report
Turkey’s economic authorities will convene a two-day meeting to discuss how to disburse funds to investors of 131 investment funds currently in liquidation, following a wave of failed redemptions that triggered turmoil in domestic markets.
The meeting will address the technical details of the liquidation process and investor payouts, with senior officials from major Turkish financial institutions in attendance.
According to the latest data from regulatory authorities, the Capital Markets Board has ordered the liquidation of 131 funds, with a total value of approximately $20 billion, affecting nearly 456,000 individual investors.
Source
财联社Regional
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Turkey to Hold Two-Day Fund Crisis Meeting to Discuss Investor Redemption Plan