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 exceeding 15 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 private markets (private equity, infrastructure, real estate) and hedge fund investments to continue rising strongly in the coming years. FERI currently manages alternative investments exceeding 15 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.
For us, your requirements and needs are the basis for planning and optimising your asset structure. We always keep an eye on all legal and tax aspects and try to bring about improvements for you. As we work strategically on a long-term basis, we place a strong focus on comprehensive future and succession planning. Foundation consulting is also part of our strategic asset structuring.
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.
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 230 employees in all areas of the investment process, we create significant added value for our clients through our range of consulting 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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Rathausplatz 8-10
D-61348 Bad Homburg

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+49 (0) 6172 916-3600
+49 (0) 6172 916-9000
ft@feri.de


D-61348 Bad Homburg
Rathausplatz 8-10

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11th FERI Hedge Fund Investment Day: "Hedge funds deliver what they promise".


by FERI
  • Market volatility favors hedge fund trading approaches
  • Offshore hedge funds compatible with ISA regulation
  • Experts discuss current developments at the 11th FERI Hedge Fund Investment Day

Hedge funds are living up to their claim of delivering returns independent of market developments in the current capital market cycle. On closer inspection, there is no reason for the reluctance of institutional investors in Germany to invest in hedge funds, as the asset class is also efficiently investable for VAG-regulated investors. These are key findings of the 11th FERI Hedge Fund Investment Day, which was held again this year as a face-to-face event. "High inflation, rising interest rates and increasing volatility are playing into hedge funds' hands. The challenging market environment opens up scope for managers to make profits away from the general trends," said Carsten Hermann, Managing Director FERI Trust GmbH.

Strategy matters

A look at the broad hedge fund market shows a mixed picture, he said. Hedge funds with a pronounced market dependency, such as in the area of "equity long/short" strategies, slipped into negative territory in the first six months of 2022, he said. "Global macro strategies, which generally lose less value than the global equity market in correction phases, and computer-based systematic trading approaches that consistently rely on market trends, on the other hand, achieved very good gains in the first half of 2022. Due to the volatility in the equity market, hedge fund strategies in particular have been more successful on the short side than they have been in many years, he said. "Hedge funds are currently delivering what they promise. Particularly in volatile markets, they contribute to balancing risk and thus to greater resilience and stability in investors' overall portfolios. They are therefore a sensible addition to classic assets," emphasized Marcus Storr, Head of Alternative Investments FERI Trust GmbH.

Offshore hedge funds in a regulated world

Globally, the number of hedge funds and the assets they manage have been growing for years, he said. In Germany, however, institutional investors have been reluctant to use the asset class for their portfolio allocation: Only 16 percent of German investors had invested funds in offshore hedge funds. Another 17 percent would invest in "liquid alternatives", i.e. hedge fund-like strategies with a UCITS product shell. VAG-regulated investors in Germany were mostly worried about legal restrictions. However, this is unfounded. Martina Nitschke, authorized signatory and head of the investment department of Verwaltungsgesellschaft für Versorgungswerke mbH (VGV), confirmed that VAG quotas and hedge funds are well compatible: "Especially under the VAG, it is possible to efficiently set up a diversifying offshore hedge fund allocation without any problems. It requires legal and tax guidance as well as dedicated economic due diligence of the target funds, including a money laundering check."

At the 11th FERI Hedge Fund Investment Day, institutional investors and portfolio managers discussed current developments in the hedge fund industry. Renowned hedge fund managers from London, Singapore and Hong Kong also provided insight into selected investment strategies.


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:  

Together with MLP, FERI currently manages assets of 55 billion euros, including almost 15 billion euros in alternative investments, of which more than 2.0 billion euros are invested in various hedge fund strategies. The proprietary hedge fund expertise has been built up and continuously expanded since 1999. As a discretionary asset manager, FERI invests in traditional offshore hedge funds as well as UCITS hedge funds. FERI manages individual hedge fund portfolios for both institutional investors and family offices.

Specialized hedge fund strategy analysts enable completely bank-independent decision-making processes in this research-intensive area. In addition to customized investment solutions, FERI is also considered a pioneer in Germany in the allocation and construction of passive hedge fund investments. FERI has the largest hedge fund research team in Germany.



Media relations contact

Katja Liese von Wangenheim

Member of the Management Board

Head of Press & 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