Pusula Portföy reports fund redemption defaults
The company announced some of its funds missed redemption payments and said reconciliations with brokers and liquidity management work are ongoing.
Mateo Fernandez ·
Pusula Portföy Yönetimi A.Ş. said on September 15, 2026 that some of its investment funds missed investor redemption payments, raising short-term credit and liquidity questions.
The company announced reconciliations with the broker-dealers that executed the transactions and said liquidity-management work is under way, officials said. The statement did not specify which funds or the size of the shortfalls.
Broker reconciliations under way
If the reconciliations reveal payment shortfalls, counterparties that settled the redemptions could face immediate liquidity strain, putting pressure on short-term credit lines and repo funding. That sequence would increase counterparty risk for institutions that provide intraday and settlement credit to funds.
The issue could prompt asset managers to delay further redemptions or seek emergency liquidity from lenders if gaps persist, which in turn could widen short-term credit spreads and raise funding costs for market intermediaries. These are conditional scenarios tied to the outcome of the ongoing reconciliations.
Investors and credit-market participants will watch for a company update; markets will look for further detail by September 18, 2026 on the scale of missed payments and the timeline for resolution.