{
  "id": 7845251,
  "title": "Turkish Funds With $7.5 Billion Assets Default on Redemptions",
  "url": "https://urgent.news/2026/09/16/turkish-funds-with-7-5-billion-assets-default-on-redemptions",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T17:51:01.000Z",
  "source": {
    "name": "Bloomberg",
    "slug": "bloomberg",
    "url": "https://www.bloomberg.com/news/articles/2026-09-16/turkish-portfolio-manager-tera-announces-default-in-two-funds-mu4ecxe4"
  },
  "original_language": "en",
  "account": null,
  "summary": "Tera Portfoy Yonetimi AS said two of its funds with a combined 366 billion liras ($7.5 billion) in assets failed to meet redemption requests, making it the second Turkish asset manager to announce defaults on some funds this week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}