Hedge funds, which are a riskier investment instrument than traditional funds, attract attention with the returns they provide by focusing on a single or two stocks. The demand created by these funds, where the weight of a single share exceeds 80 percent, pushes the shares up, but when inflows to the fund stop, both the shares and the fund suffer.
Şebnem Turhan from Ekonomim focused on the returns and losses of these funds:
“There is great interest in mutual funds, while ordinary investors continue their interest in money market funds, there are remarkable developments in hedge funds where qualified investors participate. While some hedge funds seek returns by investing in one or two stocks, some such funds earn over 100 percent in three months.” Sometimes things can go wrong, and when such a fund loses more than 50 percent of its value weekly, there is even a change in fund management. Market experts say that single-share funds have created a ponzi system, so to speak. He thinks he should be careful.
The most discussed issue in the market lately is that some hedge funds focus on a single stock in their portfolios, and some achieve high returns while others experience sharp losses. According to the information we obtained through TEFAS and the Public Disclosure Platform, 4 funds stand out in this field. When the portfolio distribution of the first two funds is examined through KAP, it is seen that 95.16 percent of the first fund and 96.28 percent of the second fund consist of Ziraat GYO shares. While the first fund provided a return of 113.44 percent in the last three months and 168.82 percent in the last year, there are 2 thousand 237 investors in this fund.
The total value of the fund as of December 3 is 6.4 billion lira. While the second fund provided a return of 113.23 percent in the last three months and 170.14 percent in the last year, the total value of the fund is at the level of 4.55 billion lira. Ziraat GYO shares rose 146.35 percent this year, and the rise in the three trading days of December exceeded 5.6 percent.
While nearly 30 percent of the distribution of another hedge fund talked about in the market is in Batı Çimento shares, Batı Söke also stands out with its 18.76 percent share. The fund, which has shown a good performance according to the information given by market analysts by focusing on these two stocks, has recently been unable to provide the desired return.
