Turkey's Pusula Portfoy says it defaulted on of some of its investment funds

Tera Yatirim Menkul Degerler

15/09/2026 13:30

Sept 15 (Reuters) - Turkish fund manager Pusula Portfoy defaulted on redemption payments of some of its investment funds, according to an exchange filing published by the company on Tuesday.
The company said reconciliation processes and liquidity management with brokerage firms were ongoing.
Tera Group announced on Monday that it had reached a deal to take over the Pusula group, which includes Pusula Portfoy, and was awaiting regulatory approval.

 (Reporting by Mirac Eren Dereli; Editing by Susan Fenton)
 ((miraceren.dereli@thomsonreuters.com;))