Tera Portfolio's Funds Have Defaulted: Its Chairman Issued a Statement Emphasizing 'Erdoğan' and 'Speculation'.

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Following the sharp sell-off on the Istanbul Stock Exchange, liquidity problems in investment funds are growing. Tera Portfolio announced that defaults have occurred in two investment funds, while in six other funds, investor exit requests can only be fulfilled on the 10th business day.

Cumhuriyet

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At the end of the day the stock market crashed, two of Tera Portfolio's funds defaulted, while the payment period for six funds was extended to the 10th business day. Following the KAP (Public Disclosure Platform) announcement, Tera Holding Chairman Emre Tezmen made a statement emphasizing President Erdoğan. Tezmen stated, "Immediately after undertaking this historic responsibility on behalf of our nation and financial system, we have been subje…

Tr724

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On September 16th, when sharp sell-offs occurred on the Istanbul Stock Exchange, Tera Portfolio issued two separate announcements of close interest to investors. The company informed the Public Disclosure Platform that defaults had occurred in the redemption payments of participation units in the Tera Portfolio Equity Fund (THF) and the Tera Portfolio Money Market (TL) Fund (TP2), which it founded. In its statement, the company stated that recon…

Capital.gr

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The fund announced that two of its investment funds were unable to satisfy redemption requests.

turkiyegazetesi.com.tr

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Tera Portfolio announced to the Public Disclosure Platform (KAP) that defaults have occurred in the redemption payments of investor shares in two of its funds. The company stated that the reconciliation and liquidity management process with brokerage firms is ongoing, and that the calculation and redemption principles for shares in both funds have been changed.

Halk TV

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At the end of the day the stock market crashed, two of Tera Portfolio's funds defaulted, while the payment period for six funds was extended to the 10th business day. Following the KAP (Public Disclosure Platform) announcement, Tera Holding Chairman Emre Tezmen made a statement emphasizing President Erdoğan.