According to a report by Ekonomim citing the Financial Times, the BIST 100 index fell more than 8% during the week after a portfolio management company announced it could not meet redemption requests on some of its funds.
The selling wave began after a local portfolio management company announced it could not meet redemption requests for its funds. Allegations that the funds bought illiquid shares in affiliated companies to inflate their values are on the agenda. This has reopened debate over the risks of leveraged and concentrated investments.
