TEFAS is the centralized electronic platform every licensed Turkish asset manager sells funds through. Foreign investors typically need a Turkish-resident brokerage or bank account to buy these funds directly.
Hedge funds -- “serbest fon” in Turkish -- are the largest category on TEFAS, and the English label overpromises. Turkish regulation lets these funds move between equities, bonds, gold, currency and derivatives with no fixed allocation limits, but that flexibility is the only trait they share with hedge funds elsewhere; most run long-only mandates and are sold to qualified investors rather than institutions. Because the manager can reshape the portfolio at will, the allocation breakdown below matters more here than in any other category, and it is worth tracking how it shifts from one reporting period to the next.
This fund's one-year return (21.8%) is 3.0 points below the "Hedge Fund" category average of 24.9%.
| Fund | YTD | 1M | 3M | 6M | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|
| +6.49% | +2.06% | +6.06% | +12.27% | +21.85% | +117.18% | +651.26% |
Based on the last 90 trading sessions. Risk-free rate assumed 0% — these are simplified return-per-unit-of-risk ratios, not textbook excess-return figures.
AJL's most recently published unit price on TEFAS is 65,427000 TRY.
AJL's cumulative return over the trailing one year is 21,85%.
Funds traded on TEFAS can be bought through an investment account at a Turkish bank or brokerage, using a valid Turkish tax ID (TCKN/VKN).