4.21.2009

Turkey Lanuches New Hedge Fund


Though it seems that far more hedge funds are closing than opening, and one might think this pattern would be especially true in hard hit emerging market economies, a Turkish bank is starting a new hedge fund. Garanti Bankasi, Turkey's second-biggest bank by market value, said on Monday it was launching a hedge fund with a registered capital of 500 million lira ($306 million) within a month.

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