Economy 8 sources 18 Sept, 23:18

Two executives step down at Tera Finansal Yatırımlar and Hedef Holding

Erkan Kilimci, Deputy Chairman and General Manager of Tera Finansal Yatırımlar Holding, resigned of his own accord; Hedef Holding notified the Public Disclosure Platform (KAP) that board member Namık Kemal Gökalp resigned due to a legal process against him.

“Tera’yı şikâyet ettim, iki kez gözaltına alındım” - Serbestiyet — Photo: Serbestiyet

News sources 8 sources

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

Serbestiyet Independent
- “Tera’yı şikâyet ettim, iki kez gözaltına alındım” 18 Sept, 19:38
BirGün Opposition
- Tera ve Hedef Holding'ten iki yönetici istifa etti 18 Sept, 19:45
Hürriyet Pro-government
- Tera Finansal Yatırımlar ile Hedef Holding'de yönetim değişikliği 18 Sept, 19:47
Cumhuriyet Opposition
- Tera ve Hedef Holding'ten iki yönetici istifa etti 18 Sept, 20:01
Halk TV Opposition
- Tera ve Hedef Holding'te İki yönetici birden istifa etti! 18 Sept, 20:10
PSM Independent
- Tera Finansal Yatırımlar ile Hedef Holding'de yönetim değişikliği 18 Sept, 20:48
Sigorta Gündem Independent
- Tera Finansal Yatırımlar ile Hedef Holding'de yönetim değişikliği 18 Sept, 20:48
Sputnik Türkiye (RU) Foreign
- Tera Finansal Yatırımlar ve Hedef Holding'de peş peşe istifalar 18 Sept, 21:10

Who is in this story

SPK 131 fonun tasfiye yöntemini açıkladı: Tera fonları İş Bankası’na, diğer altı şirketin fonları Ziraat’e - Serbestiyet — Photo: Serbestiyet

Economy World press 41 sources 19 Sept, 05:05

Capital Markets Board (SPK) assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

Assets of 130 funds belonging to seven portfolio management companies will be converted to cash, with the process to be completed within three months at most. Treasury and Finance Minister Mehmet Şimşek said, "There is no structural problem in the stock market or the fund market."

State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign

+10

Where reports differ

State media According to a statement reported by TRT Haber, Şimşek said the problem was limited to a small number of free funds stemming from credit and liquidity issues, that 131 out of 2,038 funds were affected, and that there was no systemic risk.

Opposition press Artı Gerçek wrote that the funds subject to the liquidation decision belong to approximately 550,000 investors and have a total size calculated at around $17 billion (826 billion lira).

Capital Markets Board (SPK) Mehmet Şimşek İş Bankası Ziraat Bankası Tera Portföy Yönetimi TEFAS

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Two executives step down at Tera Finansal Yatırımlar and Hedef Holding

News sources 8 sources

Who is in this story

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Capital Markets Board (SPK) assigns İş Bankası and Ziraat Bankası for liquidation of 130 funds

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