Turkey appoints Isbank and Ziraat Bank to liquidate 131 funds
Turkey’s Capital Markets Board (SPK) appointed Isbank and Ziraat Bank to oversee liquidation of 131 investment funds after earlier decisions to suspend trading in the funds.
Turkey's Capital Markets Board (SPK) on Friday appointed Isbank and Ziraat Bank to oversee the liquidation of 131 investment funds managed by seven portfolio companies, after earlier decisions to suspend trading in those funds. The assets under management of the liquidated funds exceed 890 billion lira.