Turkey's Market Regulator Restricts Hedge Funds
Turkey's market regulation authority has approved new measures for hedge funds, including restrictions on concentrated investments and limits on the share percentages available for free trading, aimed at reducing concerns over market manipulation and improving transparency. Funds are required to reduce their positions that exceed the established limits by the end of 2026, following warnings about some funds acquiring low-liquidity stocks and generating unusually high returns, raising the risk of manipulation and misleading valuations. Additionally, global indices such as MSCI and S&P Dow Jones have expressed concerns about transparency and have threatened to reclassify the Turkish market if transparency conditions do not improve before the November review, after previously removing some stocks from their indices due to concerns over free float percentages.
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