According to speakers at AsianInvestor and FinanceAsia's global recovery investing summit last week, titled 'Maximising opportunities in distressed and troubled assets', Asian distressed is struggling to attract as much money as its brethren in other parts of the world.
The US is at the forefront of allocating to distressed strategies, says Marlin Naidoo, award-winning prime broker and head of hedge fund capital group for Asia-Pacific at Deutsche Bank. But their money is mainly going to US distressed managers. Over here, Asian investors have spent less time looking at Asian distressed managers.
In Asia, investors want liquid strategies. Japanese investors in particular are credited with being fixated on...
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