Why Western instos are wary of Asian distressed debt

Asset managers are increasingly building capabilities, obtaining licences and raising funds to invest in distressed assets in Asia, but they may yet struggle to attract much capital from outside the region. Despite the growing opportunities in Asia, seen most notably in China and India, such strategies may still not be compelling enough for some Western asset owners. “Investors are not knocking on our door saying they want to invest in Asian special situations or distressed debt…