TWF was established by a code number 6741 in 2016. Turkey handed over the precious public companies that fund by executive decision. What's really interesting is that TWF's chairman of the board and, the person who appointed the auditors is President of the Turkey. Besides, TWF depends on presidency in terms of administrative law and TWF's vice chairman of the board is Minister of Finance who son-in-law of the president. Is there another sovereign wealth fund in which the president is so active? I know that there are similar situations in Arab countries, China and Russia. But I don't know if there is a sovereign wealth fund managed directly by the president.Currently, TWF which does not currently have much activity, in later times, under these circumstances, it would be beneficial to Turkey?
This is English website of TWF: http://turkiyevarlikfonu.com.tr/EN