Cashed-up family offices await Covid-19 bargains
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.
Asian family offices have record cash balances, putting them in a commanding position to hunt for bargains created by the Covid-19-driven downturn, according to private bankers.
“We are seeing the highest cash allocations that we have ever seen [among family offices in the region],” says Anurag Mahesh, Asia Pacific head of the global family office division at UBS Global Wealth Management. “This leaves them in a good spot to benefit from this volatility. So some are looking to inve…
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