Volatile conditions temporarily limited a generally rising interest in private equity, but underlined a commitment to strategic asset allocation approaches, finds a new UBS report.
Events like the WeWork scandal and Uber's disappointing listing have clearly flagged the risks of piling into 'new economy' assets. Family offices in Asia seem to be taking note.
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.
Wealthy Asian families have abundant dry powder but are largely holding fire on investments. Property, for instance, is expected to fall further, but Reit opportunities look to be emerging.
But they seem as focused on growing their wealth as preserving it and are hungry for private equity, according to the new China family office report from UBS and Campden Wealth.
Michael Felman, an experienced family investor in New York, explains how Asian investors are keen on mega-trends and physical assets.