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.  

In institutional asset management, FERI offers a broad range of asset management services for institutional investors. Our investment specialists have many years of experience in all asset classes and follow a multi-asset approach ranging from the development and implementation of individual investment strategies to quantitative risk management and control.

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.  

FERI is a byword for comprehensive, individual, transparent and sustainable advice and support for private clients. With over 30 years of experience, we offer private investors a wide range of asset management services.

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. 

With the help of an asset liability management study, FERI can show you whether a financing system in its current form is sustainable and whether sufficient risk carriers are available or whether a modification of the system is advisable.

During the transition to a sustainable future, FERI guides and supports you in the implementation of a sustainability concept and in the implementation and further development of existing solutions.

FERI’s comprehensive support ranges from optimal asset allocation and investment planning to appointing managers, reporting, monitoring and controls. Clear structures always ensure well-documented decisions and transparent investments.

FERI carries out a cost check in three steps and determines the costs for mandates, depositaries and investment management. In times of persistently low interest rates, these are a key factor in the performance of any portfolio.

FERI uses the three-step manager check to assess the quality and performance of asset managers.

FERI evaluates current portfolios in terms of expected returns and risk and checks whether the allocation still meets the requirements regarding yield and available risk budget. In addition, FERI presents you with alternative portfolios that promise higher returns with the same risk or offer similar opportunities for returns with reduced risk.

To ensure the success of the investment, FERI provides guidance on risk management processes. These range from the preparation of a risk manual and risk inventory to regular reporting and commentary.

In order to identify the risk sources and their distribution in the portfolio of an investment, FERI prepares a risk sheet, which makes this information transparent and clear. It clearly shows what share of the overall risk is attributable to the individual investment funds, segments and asset classes.

FERI offers its clients the entire process of investment consulting and has continuously developed it since the 1990s. Thanks to our extensive experience, self-developed research and analysing tools and the access to around 200 employees in all areas of the investment process, we create significant added value for our clients through our range of consulting services.

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. 

FERI’s economic expertise is used in high-profile companies for operational planning and market research and in numerous banks for risk management from an industry perspective. We offer our clients the following services: worldwide economic data; global macro research; global economic, interest rate and currency forecasts; country and sector outlooks; FERI sector rating.  

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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Economics Update May 2021 - Economic prospects for a world with Corona

Bad Homburg, 05/03/2021
by FERI
  • End of the pandemic not yet in sight on a global scale
  • Second-round effects of the crisis dampen medium-term growth momentum
  • Current forecasts for the global economy tend to be too optimistic

Current forecasts for global economic development are based on the assumption that the Corona pandemic will be overcome in the foreseeable future through a successful vaccination campaign and that a return to pre-crisis conditions will thus be possible. But the equation "end of the pandemic = return to normal" will not easily work. It is becoming increasingly clear that the Corona virus will not simply disappear, but will remain an integral part of our lives. What are the consequences for the economic outlook in the coming years?

Hoping for herd immunity

In an optimistic scenario, herd immunity will soon be achieved, allowing social and economic life to largely return to normal. Since vaccination protection must be renewed from time to time anyway, new viral mutations can then be effectively combated, in the best case scenario, with vaccines adapted to each case. Recurrent waves of infection are part of everyday life, but can be managed with medical capacities, and the number of deaths is within a socially tolerated range. So new lockdowns are not necessary. In this scenario, there would be little to stand in the way of a strong, prolonged economic upswing from an economic point of view.

Virus mutations as a serious threat

In a negative scenario, new virus mutations show resistance to existing vaccines. The necessary adaptation of the vaccines proves to be complex and time-consuming, and as a result large waves of infection occur repeatedly, at least regionally, which can only be contained by new lockdowns. As a result, economic recovery is halted or there are renewed slumps. Societal resilience to the pandemic declines, enforcement of pandemic response rules becomes much more difficult, and societal divisions deepen. In this scenario, economic forecasts would have to be fundamentally revised.

Beware of too high expectations

Most current forecasts are based on the assumption that the economy will rapidly return to its previous level from the autumn onwards and then continue to grow strongly. That could be the case, but it is not necessarily the most likely scenario. For the optimistic scenario to prevail, the pandemic would have to be overcome in a globally interconnected world, not only in China, the US and Europe, but virtually everywhere. At present, this does not look likely. This is shown by the example of India, as well as by the still very slow progress in vaccination in most emerging and developing countries. A second point is the possibility that the experience of the pandemic could permanently change people's behaviour. If, for example, people become more reluctant to travel long distances or their leisure behaviour changes for fear of infection, this is likely to have a noticeable impact on individual sectors and, depending on their weight, also on overall economic development. Third, and finally, a deep economic crisis usually brings with it significant second-round effects. Paradoxically, the extent of the pandemic damage that has occurred becomes apparent just when the opening up of economic sectors would actually be expected to improve the situation. One indicator of this phenomenon is likely to be unemployment, which could rise again in the autumn and winter, especially in Europe, with negative effects on consumption and investment.

Precisely because the current forecasts assume a very optimistic scenario, they are susceptible to disappointment and necessary downward revisions.


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 manage assets of EUR 42.7 billion, including EUR 9 billion in alternative investments. The FERI Group is headquartered in Bad Homburg and has offices in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



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Corporate Strategy, Marketing and Communications

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FERI AG

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D-61348 Bad Homburg

Axel D. Angermann
Axel D. Angermann
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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
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Katja Liese
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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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