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Turkey caps hedge fund holdings at 2% to 8% of free-float shares

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  • Turkey’s Capital Markets Board tightened rules governing hedge fund investments.
  • Funds face 2% to 8% limits on issuers’ free-floating shares, based on free-float ratios.
  • Funds must reduce excess positions by Oct. 31 and Nov. 30 before full compliance by Dec. 31.
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