Capital Markets Board Decides to Liquidate 130 Funds Belonging to Seven Portfolio Companies
With this comprehensive decision directly affecting investors, the process of converting millions of dollars in assets into cash has been initiated.
Taking into account developments on Borsa İstanbul, the Capital Markets Board decided to liquidate 130 funds belonging to 7 portfolio management companies. This decision, involving a size of approximately 17 billion dollars, closely concerns 550,000 investors.
Scope of the Liquidated Funds
In line with the decision made by the Capital Markets Board, the liquidation process for a total of 130 funds traded on TEFAS has been officially initiated.
Investor and Size Data
It has been officially recorded that the total value of the funds decided to be liquidated is around 17 billion dollars, and this situation affects a total of 550,000 investors.
Status of Tera Portföy
Tera Portföy, for which 5 funds it founded have been decided to be liquidated, accounts for more than half of the total value, and these funds have a size of over 11 billion dollars.
Other Portfolio Companies
Funds within Atlas, Pardus, Pusula, Hedef, Bulls, and A1 Capital were also included in the scope of liquidation, and the total value of these companies was calculated at approximately 5.9 billion dollars.
Meaning of the Liquidation Process
The liquidation of funds refers to the process of converting assets into cash and paying the obtained money to investors in proportion to the shares they hold.
Future Announcements Expected
While information regarding the details of the transactions was not included in today's bulletin, the Board is expected to make a new announcement in the coming days determining the method and schedule.