Berenberg Asset and Wealth Management’s aggressive move to become a force in active asset management shows no signs of slowing, with the German group eyeing unconstrained bonds and multi-asset strategies as the next area to develop.
Speaking to Citywire Selector in London, Henning Gebhardt, head of wealth and asset management at the company, said he is looking to build on the momentum created by several equity fund launches over the past year.
Gebhardt joined from Deutsche AM at the start of the year and was charged with spearheading the private bank’s move into asset management, with high-profile hires including Matthias Born and Peter Kraus from Allianz Global Investors.
‘Both managers and investors want more flexibility and they want a change from what is out there. So we looked to cater for that with our German equity and our new European equity funds,’ Gebhardt said, in reference to the spate of recent launches.
‘We are also looking at new ideas and we are looking at developing a global opportunistic bond fund, as well as what we can do in multi-asset,’ he added.
Gebhardt said the appointment of Bernd Meyer as head of multi-asset was an important step, while the firm would also look to leverage its existing systematic and quantitative capabilities.
‘We have made good strides but we are looking at what we can do to go further, so we have also discussed the possibility of global funds, which would also be a cross-asset product with quantitative elements, which is another area to look at.’
Gebhardt said the German equity fund launched by the firm earlier in the year, which he oversees, has accrued €60 million so far, while the appetite for European funds is also evident, with €60 million invested across the four strategies in the four weeks since launch.