Distressed investors to seek Asia assets as Covid-19 relents
Distressed fund managers with the support of asset owners are beginning to seek Asia opportunities. They could start in the equity markets, before looking to assets like property.
The Covid-19 outbreak continues to ravage Europe and the US but is beginning to abate in Asia, courtesy of tough governmental measures by many countries.
However, the months-long impact of the virus has badly damaged the balance sheets of many Asian companies, and that's led real estate investors and managers to prowl for distressed opportunities with the support of asset owners.
“Because Covid happened in Asia first, there is a wave of opportunities that is mirroring the damage…
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