FERI expects demand for alternative investments such as infrastructure, property, private equity and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments worth 9 billion euros, making it one of the largest providers in Germany.

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FERI expects demand for alternative investments such as infrastructure, property, private equity and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments worth 9 billion euros, making it one of the largest providers in Germany.

For more than 20 years, we have been offering our clients individually tailored risk management solutions. Market risks are actively managed according to risk and return parameters jointly defined in advance.  

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Sustainability is not only a socio-political imperative. For FERI, it also includes a clear commitment to shared social responsibility as a financial services provider. This is why FERI places the sustainable development goals (SDGs) defined by the United Nations General Assembly (UN) at the forefront of sustainability considerations in all its investment solutions and advisory services. 

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The FERI family office is the strategy advisor for your assets. We offer services ranging from strategic asset planning, implementation consulting and results monitoring and controls, through risk management and asset protection strategies to sustainability consulting. 

Sustainability is not only a socio-political imperative. For FERI, it also includes a clear commitment to shared social responsibility as a financial services provider. This is why FERI places the sustainable development goals (SDGs) defined by the United Nations General Assembly (UN) at the forefront of sustainability considerations in all its investment solutions and advisory services. 

Asset allocation – an overview of the latest market developments. FERI offers optimal, quantitative and qualitative support for decision-making, both in terms of strategic and tactical asset allocation.

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FERI Markets Update February 2021 - Markets prepare for a return to normality

Bad Homburg, 02/15/2021
by Dr. Eduard Baitinger, FERI
  • Clear downward trend in new Covid 19 infections worldwide
  • Markets expect timely economic recovery
  • Gamestop hype shows risks of concerted stock speculation

Falling Corona infection figures and the progress of vaccination campaigns around the globe have recently boosted equity markets. Leading indices such as the Dow Jones, the S&P 500 and the DAX are hovering near their highs for the year. The expectation of an early end to the lockdown measures and a prompt reopening of the economy has thus clearly prevailed on the markets. In the meantime, however, the "reopening trade" is being carried by a great deal of euphoria. This increases the risk of setbacks, as a large part of the positive expectations for the economic recovery has long since been priced in.

The current positive basic scenario on the markets is threatened above all by the highly contagious coronavirus mutants. This is illustrated by the example of Portugal, where mutant coronaviruses have brought the entire healthcare system to the brink of collapse. If an uncontrolled spread of covid-19 mutations were to force a return to the lockdown regime on a global scale, the stock market would likely see the profiteers of the pandemic, i.e. technology and healthcare companies, trading as relative winners. In a "pandemic trade" scenario, market interest rates would also be expected to fall, gold prices to rise and the US dollar to appreciate, as this would increase demand for relatively safe assets. Against this backdrop, investors would be well advised not to allocate their entire portfolio to the recently dominant "reopening trade", but to reserve a portion for those stocks that would benefit from a renewed intensification of the pandemic.

Speculative small investors

In retrospect, the Corona Crash of March 2020 attracted new investors to the stock market who took advantage of the cheap prices to get in. With the subsequent recovery in the stock market, many new entrants felt vindicated and increased their bets. Since then, the proportion of speculative liquidity has increased and the financial markets have become more susceptible to corrections. The preliminary highlight of this development was the purchases of shares in small-cap companies such as the computer games retailer Gamestop or the cinema chain AMC, which were arranged via social media platforms. The ensuing crash shows the danger of concerted stock speculation. Such artificially inflated prices, which deviate extremely from the fundamental data, reliably end in a crash. Against this backdrop, risk-conscious investors should resist the temptation and strictly avoid stocks without sustainable fundamental substance.


About Dr. Eduard Baitinger

Dr. Eduard Baitinger has been Head of Asset Allocation in the FERI Group since 2015. He is responsible for quantitative asset allocation at FERI Trust, where he also manages and coordinates numerous research projects. In close coordination with the FERI Board of Directors and Chief Investment Officer, Dr. Heinz-Werner Rapp, he also represents the investment strategy of the FERI Group and its communication to clients and customers of FERI.

Before joining FERI, he was a research assistant at the University of Bremen and financial analyst for an asset manager. In 2010 he completed his studies at the University of Bremen, accompanied by a stay abroad in New York, as a graduate economist. In 2014, Eduard Baitinger received his doctorate with distinction on new approaches to quantitative asset management. Dr. Baitinger publishes regularly in academic journals and acts as academic reviewer.


About FERI

Founded in 1987 and headquartered in Bad Homburg, Germany, the FERI Group has developed into one of the leading investment houses in the German-speaking area. FERI offers tailor-made solutions for institutional investors, family assets and trusts in the following areas:  

The FERI Cognitive Finance Institute was formed in 2016. It is the strategic research centre and creative think tank of the FERI Group. The Institute focuses on innovative analyses and the development of methods for long-term oriented economic and capital market research. 

FERI and MLP currently have assets of EUR 40.8 billion under management. A total of EUR 9 billion of these assets are alternative investments. The FERI Group is headquartered in Bad Homburg and has offices in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



Media relations contact

Katja Liese

Member of the Management Board

Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192

F +49 (0) 6172 916-1192

presse@feri.de

FERI AG

Rathausplatz 8-10

D-61348 Bad Homburg

Dr. Eduard Baitinger
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Member of the Management Board
Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

FERI AG
Rathausplatz 8-10
D-61348 Bad Homburg

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Katja Liese
Member of the Management Board
Corporate Strategy, Marketing and Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

FERI AG
Rathausplatz 8-10
D-61348 Bad Homburg

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