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Berenberg hands small-cap veteran two new funds

Berenberg hands small-cap veteran two new funds

Berenberg’s aggressive move into the asset management industry shows no signs of slowing down as the German firm announced two new funds for small-cap veteran Peter Kraus.

The pair of funds, which cover European small- and micro-cap equities respectively, come hot on the heels of the Hamburg-based group announcing two new funds for Citywire A-rated Matthias Born.

Kraus and Born both join Berenberg from Allianz Global Investors in October as part of the company’s plans to expand its asset management efforts. This also included Henning Gebhardt being hired as CIO at the start of the year.

The first of the two new funds is formally called the Berenberg European Small Cap fund and will invest across Europe with an emphasis on stocks with a maximum market cap of €5 billion.

Meanwhile, the Berenberg European Micro Cap fund will look at even smaller stocks, with a top range of €500 million. The average holding period for stocks in both funds is three years.

Commenting on the launches, Kraus said: ‘European smaller companies offer interesting investment opportunities. We are looking for hidden champions and high-growth niche providers in industrials, technology and healthcare, for example.’

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