Friday, September 08, 2017

Turkey: Turkey dismisses head of $40 billion wealth fund after slow start - Times of India

Turkey dismisses head of $40 billion wealth fund after slow start
Reuters | Sep 8, 2017, 14:45 IST

* Fund set up last year, now worth at least $40 bln

* Head of stock exchange to take over in interim

* Gov't was impatient with lack of progress -Erdogan adviser (Recasts, adds adviser, details and background)

By Orhan Coskun

ANKARA, Sept 8 (Reuters) - Turkey has dismissed the head of its $40 billion sovereign wealth fund, officials said on Friday, alluding to impatience on the part of President Tayyip Erdogan over a failure to launch any major investment projects a year after its founding.

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