Business · Markets · 7 hrs ago
Türkiye says 17 investment funds have completed liquidation
Türkiye halted trading in 131 investment funds in September after suspected share-price manipulation caused heavy losses and investors sought to withdraw money.
The funds were run by seven asset management companies, and nearly half a million investors were affected.
Vice President Cevdet Yılmaz said payments to nearly 44,000 investors were made last Thursday, settling 17 funds run by three companies.
Talks are continuing with Atlas's owners, and Yılmaz said an agreement on ordinary liquidation could be reached this week, allowing about 58,000 investors to be paid that way.
The government-backed Justice and Development Party has proposed a law for extraordinary liquidation, but Parliament has not yet passed it.
Under the draft, investors could receive up to TL 1 million of their principal, with final amounts later adjusted to account for their rights and obligations.
Yılmaz said the law could allow payments within this month if it passes, and that no public money or state guarantee would cover the funds.
Vice President Cevdet Yılmaz said 17 investment funds ordered liquidated after last month’s market crisis were settled last week.
Payments were made to nearly 44,000 investors in funds run by A1 Capital, Bulls and Pardus.
Yılmaz said talks with Atlas Pörtfoy’s owners could conclude this week, potentially allowing about 58,000 Atlas investors to be paid through ordinary liquidation.
A draft bill would set rules for extraordinary liquidation and provide investors with up to TL 1 million of principal under specified conditions.
The draft has not passed Parliament, and Yılmaz said no public money would be used for the liquidations.
- Who
- Vice President Cevdet Yılmaz reported on the liquidations; investors in the affected funds are awaiting payments.
- What
- Seventeen funds have completed liquidation, and talks are under way on ordinary liquidation for Atlas Pörtfoy.
- When
- Yılmaz made the statement on Monday, October 12, 2026. The 17 funds were settled last week.
- Where
- Türkiye.
- Why
- Authorities intervened after suspected price manipulation in thinly traded stocks caused heavy losses and redemption pressures at investment funds.
This story does not have two clearly opposing sides.
No one has been left a victim
Returning money does not close the investigations
The Capital Markets Board halted trading in 131 funds run by seven asset management companies.
The AK Party submitted draft legislation governing fund liquidations to Parliament.
Payments were made to nearly 44,000 investors in funds run by A1 Capital, Bulls and Pardus.
Seventeen funds run by the three companies were settled.
Yılmaz said talks on Atlas Pörtfoy’s ordinary liquidation could be finalized this week.
- Funds settled
- 17
- Investors paid
- Nearly 44,000
- Funds halted
- 131
- Asset management companies
- 7
- Atlas investors
- About 58,000
- Draft principal limit
- TL 1 million
Sources
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