Turkey's $20 Billion Fund Collapse Explained

Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://www.saily.com/boyle In September 2026, Turkey's investment fund industry collapsed, after funds run by Tera and Pusula failed to meet redemptions and regulators froze and liquidated 131 funds holding about $20 billion of savings belonging to more than 455,000 investors. In this video, Patrick Boyle looks at how Emre Tezmen's Tera, which hoped to become "the Goldman Sachs of Turkey," reported returns of more than 66,000%, how funds buying thinly traded Borsa Istanbul stocks alleged