Tugce Ozsoy
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Bloomberg News reporter in Istanbul. Opinions are my own. RTs are not endorsements.
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Articles by Tugce Ozsoy
Turkey Cancels License of Brokerage at Heart of Fund Crisis
Bloomberg (Bloomberg) -- Turkey’s market authorities canceled Tera Yatirim Menkul Degerler’s license and suspended trading on its stock, part of a continued dismantling of the brokerage at the heart of the country’s fund crisis.
Turkey Snubs Smaller Investors After Scandal Sparks Liquidations
Bloomberg (Bloomberg) -- Turkey’s market regulator raised the threshold for qualified investors fivefold in the wake of a fund rout that rocked capital markets and erased billions of dollars of equity value.
Turkey’s Fund Crisis Hits Brokerages With Three Firms Suspended
Bloomberg (Bloomberg) -- Turkey’s market regulator temporarily shut down three brokerages tied to last month’s fund crisis, as the shockwaves caused by the scandal continue to reverberate throughout the industry.
Thrown Punches and Missed Warnings: Inside a Billion-Dollar Fund’s Collapse
Photographer: Kerem Uzel/Bloomberg (Bloomberg) -- By all outward appearances, life was good, very good, at Tera Group, the boutique firm that had gone from obscurity to the talk of Istanbul in a matter of months.
Turkey Removes Market Regulator Chief During Fund Crisis Original
Turkish President removed the country’s market regulator chief Mahmut Sutcu following his resignation bid amid a fallout of a fund crisis that’s upended the country’s markets. Earlier on Monday, state-run Anadolu Agency reported that Sutcu sought his resignation as Capital Markets Board president citing health issues. He had been in the role since May.
Turska smijenila čelnika regulatora tržišta kapitala usred krize investicijskih fondova
Podijeli vijest Facebook Post Tweet WhatsApp Viber Email Poklonite članak Link copied Copy link Evropa Turska smijenila čelnika regulatora tržišta kapitala usred krize investicijskih fondova Izvor: Tugce Ozsoy/Bloomberg Sve vijesti iz rubrike Ekonomija sve vijesti iz rubrike Ekonomija Registriraj se besplatno i čitaj sadržaj koji čini razliku! *Započni dan s dnevnim newsletterom i najbitnijim poslovnim vijestima Registruj se Nastavite čitati odabirom jedne od opcija u nastavku.
Можна „Понзи шема“ со инвестициски фондови во Турција, оставка на шефот на пазарниот регулатор
Сподели ја веста Facebook Post Tweet WhatsApp Viber Имејл Подари статија Link copied Copy link Инвестиции Можна „Понзи шема“ со инвестициски фондови во Турција, оставка на шефот на пазарниот регулатор Извор: Tugce Ozsoy/Bloomberg Сите новости од рубриката Бизнис сите новости од рубриката Бизнис Регистрирајте се и отклучете 5 статии! *Започнете го денот со дневниот билтен и најважните деловни вести Регистрирај се Продолжете со читање со одбирање на една од опциите подолу БЕСПЛАТЕН НАЛОГ...
トルコ市場規制当局トップが辞任、ファンド危機の余波なお続く
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Turkey Removes Market Regulator Chief During Fund Crisis
Bloomberg (Bloomberg) -- Turkish President Recep Tayyip Erdogan removed the country’s market regulator chief Mahmut Sutcu following his resignation bid amid a fallout of a fund crisis that’s upended the country’s markets.
Turkey’s Fast-Growing Corporate Bond Market Grapples With Funds Crisis Fallout
Central Securities Depository & Trade Repository of Turkey (Bloomberg) -- The crisis roiling Turkey’s investment industry may be spilling into its fast-growing corporate bond market, potentially crimping smaller companies’ access to financing.
MSCI Freezes Turkey Indexes as Fund Turmoil Fuels Scrutiny
Photographer: Kostas Tsironis/Bloomberg (Bloomberg) -- MSCI Inc.
FTSE Russell Keeps Turkey’s Advanced Emerging Market Status
Bloomberg (Bloomberg) -- FTSE Russell maintained Turkey’s status as an advanced emerging market, a reprieve for the country after a fund crisis last month that sent stock prices plunging.
Turkish Politician Asked to Return Gains in Fund Crisis, AA Says
Photographer: Mehmet Ali Ozcan/Anadolu/Getty Images (Bloomberg) -- Turkish prosecutors asked lenders to hand over assets of the ruling party’s former deputy chair in the course of a funds-rout investigation that’s reached the top of President...
Turkey Fund Outflows Mostly Moved to Bank Deposits, BofA Says Original
Bloomberg (Bloomberg) -- BofA Securities Inc said a large share of Turkish fund outflows stemming from a rout in September moved into bank deposits.
Turske dionice potonule u medvjeđe tržište, investicijski fondovi pod pritiskom
Podijeli vijest Facebook Post Tweet WhatsApp Viber Email Poklonite članak Link copied Copy link Berze Turske dionice potonule u medvjeđe tržište, investicijski fondovi pod pritiskom Izvor: Tugce Ozsoy/Bloomberg Turske dionice ušle su u tržište medvjeda nakon što je nedavna kriza fondova izbrisala milijarde dolara vrijednosti tvrtki izlistanih na Istanbulskoj burzi.
Turske dionice ušle u tržište medvjeda usred previranja s investicijskim fondovima
Turske dionice ušle su u tržište medvjeda nakon što je nedavna kriza fondova izbrisala milijarde dolara vrijednosti tvrtki izlistanih na Istanbulskoj burzi. Indeks Borsa Istanbul 100 pao je za 2,8 posto na 11.947 bodova na zatvaranju u srijedu, što je pad od 21 posto u odnosu na najviše razine dosegnute početkom svibnja. U dolarskom izrazu, BIST 100 već je u istom razdoblju pao za oko 27 posto.
Turkish Stocks Enter Bear Market on Investment Fund Turmoil
Bloomberg (Bloomberg) -- Turkish stocks entered a bear market after the recent fund crisis erased billions of dollars from Istanbul-listed firms.
Erdogan Hands Turkey Investment Fund Cleanup to Vice President
Photographer: Alessia Pierdomenico/Bloomberg (Bloomberg) -- Turkey’s President Recep Tayyip Erdogan said the country has created a board to oversee the liquidation of investment funds caught up in a crisis over holdings in illiquid stocks.
Erdogan Calls in Economic Team to Shore Up Turkey’s Fund Market
Photographer: Kent Nishimura/Bloomberg (Bloomberg) -- Turkish President Recep Tayyip Erdogan said he will meet senior economic officials and the heads of relevant institutions on Tuesday as the government prepares further steps in response to the...
Turkey Fund Crisis Exposes Small Caps to Deeper Selloff
Takasbank (Bloomberg) -- Turkey’s fund-industry crisis is inflicting some of its heaviest losses on smaller, less-liquid stocks, widening a divide with large-cap names that have benefited from regulatory support.
Turkey Discusses Investor Paybacks in Fund Crisis Talks
Photographer: Kent Nishimura/Bloomberg (Bloomberg) -- Turkey’s economic authorities are holding two days of talks on how to repay investors in 131 investment funds being liquidated after a wave of redemption failures triggered turmoil in the...
Turkey Arrests Tera Chairman at Heart of Funds Scandal Original
(Bloomberg) -- Turkey arrested the brokerage founder at the center of an investigation into imploded stock funds that have caused billions of dollars of investors’ money to evaporate.
Stock at Heart of Turkish Fund Crisis Ejected From Indexes Original
Bloomberg (Bloomberg) -- Borsa Istanbul is removing a factoring company at the center of Turkey’s crackdown on investment funds from its indexes of the country’s most valuable stocks.
Turkey Freezes Fund Executives’ Assets in Redemption Crisis (1)
Turkey froze assets tied to executives at several investment firms, expanding an investigation into a fund-industry crisis that has already triggered redemption failures, arrests and a sharp selloff in stocks. The measures cover executives linked to firms including , , Hedef Holding and Bulls Portfoy Yonetimi, Justice Minister said in a post on X. Authorities also moved to restrict asset transfers involving board members, signatories and some of their relatives without prosecutors’ approval.
Turkey to Consider Pooling Fund Assets to Repay Investors
Bloomberg (Bloomberg) -- Turkey is considering pooling the assets of more than 100 funds frozen by regulators last week, an official familiar with the matter said.
Turkiye freezes fund executives’ assets in redemption crisis
Tugce Ozsoy & Firat Kozok / BloombergMon, Sep 21, 2026 • 06:57 PM GMT+08 • • 3 min read The move deepens a crackdown that followed turmoil across Turkiye’s fund industry, where several asset managers failed to meet redemption requests last week, triggering a stock-market rout and prompting regulators to order the liquidation of 131 funds man Follow us on Facebook and join our Telegram channel for the latest updates.
Turkey Freezes Fund Executives’ Assets in Redemption Crisis Original
Photographer: Kostas Tsironis/Bloomberg (Bloomberg) -- Turkey froze assets tied to executives at several investment firms, expanding an investigation into a fund-industry crisis that has already triggered redemption failures, arrests and a sharp...
Turkiye freezes fund executives' assets in redemption crisis
Turkiye froze assets tied to executives at several investment firms, expanding an investigation into a fund-industry crisis. (Sept 21): Turkiye froze assets tied to executives at several investment firms, expanding an investigation into a fund-industry crisis that has already triggered redemption failures, arrests and a sharp selloff in stocks.
Od vrtoglavih donosov do zloma: kako je počilo v turških skladih
Turški vlagatelji so se v zadnjih letih množično odločali za nekatere odmevnejše investicijske sklade, ki so jih pritegnili z izjemnimi donosi, ob katerih bi marsikateri finančni strokovnjak postal previden. Nekateri skladi so dosegali trimestne in celo višje odstotne donose, kar je vse bolj vzbujalo sume, da so bili njihovi rezultati umetno napihnjeni. Regulatorji so konec leta 2025 začeli podrobneje preučevati dogajanje.
Turquia liquida 131 fundos em dificuldades e recorre a grandes bancos para supervisão
Bloomberg — A Turquia recorreu a dois de seus maiores bancos para supervisionar a liquidação de 131 fundos de investimento envolvidos na turbulência que abalou o setor de gestão de ativos do país. O Turkiye Is Bankasi e o Ziraat Bankasi, de propriedade do Estado, supervisionarão a liquidação, informou o Conselho de Mercados de Capitais (SPK) em comunicado divulgado na noite de quinta-feira (17).
How Turkey’s High-Flying Investment Funds Came Crashing Down
Photographer: Kostas Tsironis/Bloomberg (Bloomberg) -- Turkish citizens piled into some high-profile investment funds in recent years, lured by extraordinary gains that would make many finance professionals pause.
Turkey Fund Turmoil Erases $4 Billion From Top Executive's Fortune
Photographer: Nicole Tung/Bloomberg (Bloomberg) -- For a long time, it seemed little could stop Altunc Kumova, a discreet businessman who became one of Turkey’s richest people after a meteoric rise in his finance firm’s stock.
Turkey Turns to Two Big Banks to Liquidate Troubled Funds
Bloomberg (Bloomberg) -- Turkey has turned to two of its biggest banks to oversee the liquidation of 131 investment funds caught up in turmoil that has shaken the country’s asset-management industry.
Turska pokušava da obuzda krizu na berzi: likvidacije fondova, zabrane i hapšenja
Turske vlasti pokušavaju da spreče da se kriza koja je pogodila neke od najpoznatijih domaćih kompanija za upravljanje imovinom proširi na širi finansijski sistem. Vlasti su saopštile da je nekoliko vodećih finansijskih rukovodilaca uhapšeno, privedeno ili im je zabranjeno putovanje u okviru istrage koja se širi zbog velikog odliva novca iz društava za upravljanje imovinom ove nedelje.
清算基金、交易禁令、拘捕高管 土耳其多管齊下為基金危機止血
【彭博】-- 土耳其官員正設法阻止該國一些知名資產管理公司的危機向整個金融業蔓延。 土耳其當局表示，隨著針對本周資產管理公司出現大規模資金外流的調查不斷擴大，多名金融業高管被拘留或遭到出境限制。警方逮捕了Pusula Portfoy董事長Muhammed Yariz，並拘留了Hedef Holding董事長Namik Kemal Gokalp、Destek Holding大股東Altunc Kumova以及Tera Portfoy副執行長Ibrahim Bekci。Tera Holding董事長Emre Tezmen則被限制出境。 周四早些時候，監管機構宣布了一系列措施以遏制市場動盪，包括計畫清算由Tera Portfoy等公司管理的約200億美元基金，並以涉嫌操縱股價為由，對數十人提起刑事訴訟和實施交易禁令。官員還承諾採取措施緩解流動性緊張，確保危機不會擴散。 在財政部長Mehmet Simsek主持會議後，監管機構發表聲明稱，目前的問題「是暫時的、可控的」。土耳其央行宣布多項措施，以增加市場流動性，並表示將視需要採取進一步行動。...
Turkish Regulator Files Criminal Complaints in Fund Meltdown
Bloomberg (Bloomberg) -- Turkey’s market regulator filed criminal complaints against dozens of people and imposed trading bans over alleged share-price manipulation by asset managers at the heart of turmoil that’s shaken the country’s investment...
Turkish Funds With $7.5 Billion Assets Default on Redemption
(Bloomberg) -- Tera Portfoy Yonetimi AS said two of its funds with a combined 366 billion liras ($7.5 billion) in assets failed to meet redemption requests, making it the second Turkish asset manager to announce defaults on some funds this week.
トルコ株急落、サーキットブレーカー発動－ファンドの解約問題で
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Turkish Stocks Slump After Fund Default Heightens Investor Fears
Photographer: Ismail Ferdous/Bloomberg (Bloomberg) -- Turkish stocks suffered sharp losses on Wednesday, after an asset manager’s failure to meet redemption requests sparked wider liquidity concerns.
Turkey Holds Rates on Oil Risks, Opens Door for October Cut
Photographer: Angel Garcia/Bloomberg (Bloomberg) -- The Turkish central bank left its main interest rate unchanged, signaling policymakers’ caution in balancing a slowdown in inflation with a jump in crude oil prices.
Turkey Cuts 2027 GDP Growth Forecast as Elections Beckon
Photographer: Emre Caylak/Bloomberg (Bloomberg) -- Turkey trimmed its 2027 gross domestic product growth forecast, signaling a delicate balancing act between price stability and growth as fallout from the Iran war reverberates and a potential...
Turkey Revives Plan to Sell Operating Rights of Iconic Bridges
Photographer: Adem Kutucu/Anadolu/Getty Images (Bloomberg) -- Turkey plans to sell 30-year operating rights of two iconic Istanbul bridges, along with several highways, under a multibillion-dollar plan.
Turkey Prices Cool Further in August, Raising Rate-Cut Prospect
Bloomberg (Bloomberg) -- Turkish inflation slowed more than expected last month, strengthening the case for an interest-rate cut as early as September.
Popular Turkey Portfolio Firm’s Funds Shrink 90% After New Rules
Residential and commercial buildings on the city skyline in Istanbul, Turkey.
Turkey’s $75 Billion Hot-Money Boom Creates Policymaker Dilemma
Central Bank of Turkey, the banking regulator, Bloomberg (Bloomberg) -- A surge of money into Turkish lira assets is creating a dilemma for policymakers, who are weighing how to curb speculative short-term flows without choking off an important...
Turkey’s Markets Regulator Tightens Rules for Hedge Funds
Photographer: Moe Zoyari/Bloomberg (Bloomberg) -- Turkey’s markets regulator announced new rules limiting hedge funds’ exposure to related parties and capping concentrated investments, in a bid to address concerns about abnormal returns and...
Turkish Banks Rally as Central Bank Lowers Lending Rate
Photographer: David Lombeida/Bloomberg (Bloomberg) -- Turkish banks rallied after the central bank lowered borrowing costs earlier than anticipated, paving a path to potentially deliver more interest-rate cuts before the end of the year.
Od borzne zvezde do borznega poloma: zgodba turške 'Tesle'
Mali vlagatelj Riza Gundogdu je v začetku lanskega leta verjel, da je odkril naslednjo veliko tehnološko zgodbo po vzoru Tesle. Zato je vložil v delnice družbe Kontrolmatik Enerji ve Muhendislik AS. Mediji so soustanovitelja in predsednika družbe Samija Aslanhana poimenovali "turški Elon Musk".
Stock Hyped as Turkey’s Tesla Sinks 90%, Burning Retail Traders
Those investment plans formed the basis of Kontrolmatik's pitch in its listing on the Istanbul stock exchange in October that year. The move coincided with a craze for initial public offerings, and demand from investors outstripped supply 26 times over. The IPO's success, quickly followed by the launch of another venture developing satellites, made the stock a favorite among retail investors looking for a high-tech success story that could protect their savings from runaway inflation.
Stock Hyped as Turkey’s Tesla Sinks 90%, Burning Retail Traders
Bloomberg (Bloomberg) -- Small-time investor Riza Gundogdu thought he had found the next Tesla Inc. early last year when he invested in shares of Kontrolmatik Enerji ve Muhendislik AS.
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