Turkey orders liquidation of 131 funds managed by seven asset managers
Turkey's investment fund sector faces a deepening crisis after regulators ordered the liquidation of 131 funds managed by seven asset managers following warnings that some funds could not meet redemption payments.
Turkey's investment fund sector is facing a deeper crisis after regulators last month ordered the liquidation of 131 funds managed by seven asset managers, following warnings from some that they could not meet redemption payments. The funds had reached more than $20 bill…