Oyak Bank: hot potato and hot property
Marriages of convenience to decline?
To most fund managers, comparing a pension fund with a conglomerate would seem absurd. Yet Serif Coskun Ulusoy, president and CEO of Oyak (Ordu Yardimlasma Kurumu/Armed Forces Pension Fund), freely compares the pension fund’s performance with those of the two largest conglomerates in Turkey, Koc and Sabanci Holding. The reason is simple: more than half of the fund’s assets lie in shares in over 60 Turkish companies.
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