SPK Clears Liquidation Process for Hedef Portföy Funds
The wind-down will follow rules set for A1 Capital, Bulls and Pardus funds, including a sequence based on investor numbers.
Key takeaways
- SPK approved starting liquidation procedures for funds founded by Hedef Portföy Yönetimi.
- The funds will be liquidated in order of investor count, from most to fewest.
Turkey’s capital markets regulator, SPK, approved the start of liquidation procedures for funds founded by Hedef Portföy Yönetimi A.Ş. The decision was dated Oct. 15 and appeared in the regulator’s weekly bulletin.
The procedures will follow rules previously set for funds founded by A1 Capital Portföy, Bulls Portföy and Pardus Portföy. Under those rules, the funds are to be liquidated with an appointed Ziraat Bank official.
The liquidation sequence is based on investor numbers, starting with the fund with the most investors and proceeding to the one with the fewest.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
