Turan Corporation
From Wikipedia, the free encyclopedia
 | |
| Company type | Private company |
|---|---|
| Industry | Emerging market debt |
| Founded | 1978 |
| Headquarters | , |
Key people | Robert P. Smith (Managing Director) |
| Products | Investments in emerging market debt |
| Website | www |
Turan Corporation is an American investment firm that was founded as Turam ("Turkish-American") Corporation by Robert P. Smith in 1978, and soon became one of the largest privately held sovereign debt trading firms in the world. According to Smith, after a dispute with the original partners, Smith sold his interest to another party and reformed as Turan Corporation, in effect "selling the M".[1]
It was notable for being the first Western company to invest in Turkish sovereign debt, setting the investment strategy the company would follow later on in Argentina, Nigeria, and El Salvador.[2]