Open Hedge Funds in Turkey
Open Hedge Funds in Turkey
Updated on Thursday 26th January 2023 Rate this article
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What you need to know about hedge funds in Turkey
The hedge funds are available in Turkey since 2008, with the Capital Markets Board authorization. It is good to know that there are certain rules before making any move, and here we mention that the hedge fund will first of all have relative price scheme based on the market indicator, in order to reduce the risk.
The hedge funds is a well-defined plan which is established in accordance with the CMB's requirements, with a minimum investment is YTL 1 million, around EUR 300,000. Our lawyers in Turkey can offer detailed information and assistance for all foreign investors who want to open a hedge fund in the country.
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How to set up a hedge fund in Turkey
If you are opening a mutual fund, an exchange trade fund or a hedge fund, the procedure is the same and implies the Capital Market Boards endorsement. The hedge fund needs to be established by a portfolio management enterprise, which will be set up as a public company in Turkey. The next step is to register the new company in Turkey and then to receive the CMB approved agreement regarding the deposit that needs to be settled.
The hedge funds in Turkey are considered private investments and the preferred structure by investors is the limited partnership. It is good to know that these investment funds are illiquid as they often require investors to keep the capital for a minimum of one year. As a conclusion, the hedge fund has a certain goal, and that is to maximize the return or the gains on the initial investment.
Overseas businessmen prefer to open hedge funds in Turkey, and we recommend you to contact our law firm in Turkey for additional information on this matter.