Deutsche Bank says Asia’s super-rich hunt for cheap assets by pledging private empires and art

High interest rates are squeezing the market, but Asia’s richest are using their private empires to turn this crisis into a buying window.
Deutsche Bank says Asia’s super-rich hunt for cheap assets by pledging private empires and art

High borrowing costs are not stopping Asia’s wealthiest families from taking on debt, as cash-rich investors increasingly pledge illiquid private shares and art collections to snap up distressed assets at steep discounts, according to Deutsche Bank.

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