Capital markets have been damaged and reputations destroyed in Turkey after a trading scandal emerged in mid September that involved a number of investment funds and the investment managers behind them. Cracks had appeared earlier that month when redemption requests were not honored. The events were likened to a Ponzi
Trading scandal rocks buoyant Turkish market as fund managers arrested
9 min read
Analysis of the fallout and the structural reforms Turkey must make to avoid a market downgrade, plus expert commentary from Kevin Graham.