Turkey’s market regulator to liquidate funds managed by Tera Portfoy, Pusula Portfoy

Tera Portfoy: Tera Portfoy is a Turkish asset management firm that manages a range of investment funds including equity and money market products. It has recently navigated liquidity challenges in certain funds amid broader market pressures in Turkey. The company is part of the Tera Group, which is pursuing strategic expansion through acquisitions in the financial sector. Pusula Portfoy: Pusula Portfoy is a Turkish portfolio management company focused on investment funds and related financial services. It has faced significant redemption demands following new regulatory measures affecting fund strategies. The firm is part of Pusula Holding, which is undergoing acquisition by the Tera Group as part of industry consolidation efforts. Regulation: Turkey's capital markets regulator has taken steps to address liquidity issues in the asset management industry by ordering the liquidation of certain funds managed by multiple portfolio firms. Market Turmoil: New regulatory limits on fund investments in single stocks have contributed to redemption pressures and volatility in Turkish equity markets. Industry Consolidation: Tera Group has agreed to acquire Pusula Holding, encompassing its asset management and related financial subsidiaries, subject to regulatory approvals.