FERI expects demand for alternative investments such as private markets (private equity, infrastructure, real estate) and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments worth 15.4 billion euros, making it one of the largest providers in Germany.

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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 private markets (private equity, infrastructure, real estate) and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments worth 15.4 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.

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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.

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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. 

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.

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.  

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Markets Update January 2022 - Bumpy start to the new stock market year

Bad Homburg, 01/24/2022
by Dr. Eduard Baitinger, FERI
  • Markets worried about rising inflation
  • High company valuations come under increasing pressure
  • Ukraine conflict with dangerous escalation potential

The start to the new stock market year is dominated by increasing fears of inflation. The main focus is on central bank policy in the USA. With U.S. inflation recently at 7%, the financial markets there now expect four interest rate hikes in 2022. In addition, Fed Chairman Jerome Powell spoke out in favor of a rapid reduction in the central bank balance sheet. These announcements caused strong nervousness and sell-offs in recent weeks. As a reminder, the massive expansion of liquidity by global central banks - with the Fed leading the way - has been the key factor behind the stock market rally since the Corona crash. If monetary support fails to materialize and liquidity is even withdrawn from the markets in the future, fundamental problems that have so far been concealed by ultra-expansive monetary policy may come to light. As corporate profits come under additional pressure from higher commodity costs and looming wage inflation, investors will have to prepare for a completely new scenario: Unprofitable, very highly valued and "hyped" companies are the clear losers in this environment, while companies with solid balance sheets and strong earnings prospects should benefit from a relative perspective.

Geopolitics back on the agenda

Bad news for the financial markets is also coming from geopolitics. The situation on the Russian-Ukrainian border is dangerous and threatens to escalate. Russia has responded to U.S. President Biden's urgent warning against an invasion of Ukraine by announcing a full-scale naval maneuver. Observers fear that Russia is seriously considering annexing the Donbass region or even further parts of the country. Recent developments have been particularly hard on Russian financial markets and the ruble. However, the increased risk in the region is already priced into global markets. For example, the robust performance of oil and gold prices is likely to be due not only to inflationary risks but also, in part, to the Ukraine conflict.

Against this background, professional investors should act in a risk-conscious manner and not neglect the possibility of sharp market corrections.


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 manage assets of about EUR 53 billion in the Group, including EUR 13 billion in alternative investments. The FERI Group is headquartered in Bad Homburg and has locations in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



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D-61348 Bad Homburg

Dr. Eduard Baitinger
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presse@feri.de

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Katja Liese
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Head of Press & Communications

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

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Rathausplatz 8-10
D-61348 Bad Homburg

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