Double Milestone for Vola Pioneer FERI: US EquityFlex Breaks the $2 Billion Mark, EuroEquityFlex Celebrates Its Fifth Anniversary

The FERI-Flex fund family has reached two milestones: The EuroEquityFlex, with assets under management of more than 300 million euros, is celebrating its fifth anniversary today, June 30, 2026. The US EquityFlex has surpassed $2 billion in assets under management for the first time. With the US EquityFlex, the EuroEquityFlex, and the OptoFlex strategy—launched back in 2012—FERI is among the first firms to have made systematic volatility strategies available to professional investors as an alternative to traditional investments.

“In our multi-asset approach, volatility represents a distinct asset class for us. It enables our clients to integrate an additional source of return with a diversifying effect into their portfolios. The basis for this is the systematic capture of the volatility risk premium through options trading,” explains Dr. Marcel V. Lähn, CIO and CEO-designate of FERI AG. “For us, this asset class is a fundamental building block and underscores our commitment in asset management to developing systematic and rule-based investment strategies,” emphasizes Lähn.

Volatility as Long-Term Value for Investors

Since 2014, the US EquityFlex has combined the proven volatility strategy of the OptoFlex with a passive investment in the U.S. S&P 500 stock index. Over a ten-year period, the fund has consistently ranked in the top decile of its peer group, making it one of the most successful actively managed U.S. large-cap equity funds. The EuroEquityFlex, which applies the same approach to European stock markets, has also firmly established itself within its peer group since its launch in 2021.

“Systematic volatility strategies can generate sustainable added value for investors over long periods of time—as demonstrated by the successful performance of our Flex funds,” explains Horst Gerstner, Head of Volatility Strategies and Lead Portfolio Manager. “To date, we have not only been able to offer our investors attractive returns, but also stability across a wide range of market conditions.”

“I am pleased that, with the US EquityFlex, we have surpassed the two-billion-dollar mark in client assets under management, and that the EuroEquityFlex is celebrating its fifth anniversary at the same time. Both of these milestones are a strong endorsement of our work. When I look back on the launch of our volatility strategies, this development shows that we are on the right track. We will continue to pursue this path consistently in the future,” adds Carsten Hermann, Executive Managing Director, Investment Management, who has been responsible for the volatility strategies since their inception.

In total, FERI’s volatility strategies now encompass assets under management of 3.3 billion euros. Lead Portfolio Manager Horst Gerstner is responsible for the operational implementation of the strategies; together with a team of eight derivatives specialists, he has been systematically refining the Flex strategies for more than three years. Gerstner himself brings more than 25 years of expertise in derivatives and volatility strategies to the table.