| 07.08.2008 Opalesque Exclusive: First hedge funds to be launched in Turkey this autumn, may attract 5% of domestic institutional assets |
| From Matthias Knab, Opalesque Germany: Oyak Securities, Garanti Bank, the Turkish lender co-owned by General Electric Co., and Is Investment are the first institutions that have obtained approval to establish hedge funds since the introduction of the permit in March, according to published reports in Turkey. Emrah Yücel, fund manager at Is Investment, said the infrastructure for hedge fund |