While other fund managers struggled with markets, Brass says 2015 was a ‘great year’ for Berenberg, with record profits and AuM rising by 11 per cent to €40.1 billion.
‘This came as a result of Berenberg’s substantial investment in the quality of its services, infrastructure, and in business expansion over the last few years,’ he says. The success, he adds, has been due to managers being able to identify investment opportunities where the market is at its most turbulent. Brass is particulary proud of Berenberg’s emphasis on social investment. ‘It has been terrific to see it so well received,’ he says.
However, he emphasises, that gives more, not less, cause for turning a profit.
He’s also chairman of the Arts Impact Fund, a £7 million investment initiative set up to show the potential social, and even financial return, from investing in the arts. At the moment, he’s got everyone playing the same tune.