Turkey’s $200 Billion Wealth Fund Paralyzed by Internal Strife

Source:Bloomberg Date:08Sep2017

Two days after Bloomberg’s ground-breaking story on internal strife in Turkey’s pride-and-glory  Sovereign Wealth Fund, CEO Mehmet Bostan was dismissed amidst accusations of poor performance, while Erdogan announced that reorganization was necessary. No amount of reconfiguration will save the Fund, which has no purpose and no utility.