Turkish Bank to Launch $300 Million Hedge Fund

April 21st, 2009
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Reuters reported yesterday that Garanti Bankasi of Turkey is planning to launch a hedge fund named Istanbul Fon next month. The fund will launch with approximately $300 Million in assets and will invest 70% of its assets in Turkish securities, while the remaining assets will be invested in G7 governments and companies.
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Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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