Dila Tezemir, the chairperson of UBAM
, which received William Benitez International Award in 2014 for its activities, told Milliyet that KarakaE-'s arrest has nothing to do with the organization and that the drugs were found in his personal bag.
Aside from financials, Koen also likes construction, construction materials, REITS, consumer durables and retail - all backing up the mortgage story - and infrastructure and energy too, noting the UBAM
Turkish Equity Fund has exposure to all these areas.
Since its inception in April 2010 until the start of the protests in mid-May, Koen's UBAM
Turkish Equities Fund returned close to 43 per cent ( in US dollar terms after fees) as against the benchmark MSCI Turkey 10/40's return of 29.4 per cent.