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      Turkish Funds With $7.5 Billion Assets Default on Redemption

      Tera Portfoy Yonetimi AS said two of its funds with a combined 366 billion liras ($7.5 billion) in assets failed to meet redemption requests, making it the second Turkish asset manager to announce defaults on some funds this week.

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud