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 18 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 18 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 250 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.
Set this page to:

Asset Liability Management

ALM study

The Asset Liability Management (ALM) study is the logical complement to an actuarial forecast of premiums, benefits and actuarial reserves. Only by reflecting liabilities (the liabilities side of the balance sheet) with possible investment developments (the assets side of the balance sheet) is it possible to present a full picture of the possibilities for meeting obligations in the long term, even in a challenging environment, as for example low interest rates, stress scenarios on capital markets. In addition to information on the optimal restructuring of the allocation to meet the actuarial interest rate, an ALM study can show whether the financing system in its current form is sustainable and sufficient risk carriers are available or whether a modification of the system is advisable.

Process of an ALM study

Analysis of the investment objectives

Agreement on net interest requirements and actuarial interest, reserve policy, use of available risk carriers, risk tolerance, etc. Coordination of the management rules for the balance sheet appropriation of the accrued profit from the capital investment. 

Plausibility checking of actuarial forecast calculations

Coordinating with the actuary the alternative scenarios to be calculated (e.g. discussion of useful modifications of the parameters), checking the calculations for completeness and plausibility, summarising the findings. If necessary, consulting the actuary about the results.

Inventory and evaluation of alternative allocations

Inventory of the actual allocation and calculations regarding strategic asset classes. Evaluation of return and risk expectations using the FERI long-term forecast (long-term return and risk assumptions). Optimisation of the allocation under the applicable restrictions. The aim is to meet the yield requirements and to demonstrate a high degree of confidence in maintaining risk-bearing capacity.

FERI’s Economic Scenario Generator

Generation of 10,000 forecast paths for yield development of individual asset classes, taking into account skewed distributions of returns, interest rate jumps, etc. Consideration of alternative interest rate scenarios according to agreement. Simulation of the portfolios presented into the future with simultaneous calculation of the resulting changes in the balance sheet ratios (coverage ratio, equity, net interest rate, etc.).

Analysis, identification of courses of action and recommendations

Evaluation of the simulation results (mean values, fluctuation ranges) with comparison of the scenarios. Presentation according to the client’s focus of interest (e.g. use of risk carriers and balance sheet ratios). Identification of portfolios with the most favourable degree of target achievement. Outlining of recommendations for future strategic asset allocation (SAA) and measures relating to the liabilities and/or accounting policy where required.

CONTACT
Telephone
Contact
Marcus Burkert
Divisional Director
Institutional Consulting

T +49 (0) 6172 916-3625
F +49 (0) 6172 916-9000
marcus.burkert@feri.de


Rathausplatz 8-10
D-61348 Bad Homburg
Haus am Park

Contact form
Please accept the marketing cookies here to show the form.
Telephone CONTACT
Contact CONTACT
Login
Languages
Burkert Marcus
Divisional Director
Institutional Consulting

+49 (0) 6172 916-3625
+49 (0) 6172 916-9000
marcus.burkert@feri.de


D-61348 Bad Homburg
Rathausplatz 8-10
Haus am Park

Contact form
Please accept the marketing cookies here to show the form.
Set this page to: