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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 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.

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Strategic Asset Planning

Asset Liability Management Advice on Sustainability and SDG Comprehensive Support Cost Check Manager Check Portfolio Check Risk Management Risk Sheet

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 Economics

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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FERI AG

T +49 (0) 6172 916-3600
F +49 (0) 6172 916-9000
fag@feri.de

Rathausplatz 8-10
D-61348 Bad Homburg

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CONTACT

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FERI AG

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

D-61348 Bad Homburg
Rathausplatz 8-10

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myFERI/360 Economics Portal FERI AIF Portal

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Annual outlook 2025: A strategy for diverging markets

Bad Homburg, 11/27/2024
by FERI

Our Annual Outlook 2025 provides concise analyses of economic developments and opportunities in various asset classes.

Key theses for 2025 and implications for investors

Global Outlook: Monetary easing meets inflationary threats and geopolitical risks from the Trump agenda. A diversified asset allocation and a robust multi-asset approach with active risk management are crucial.
Equities: Regional and sectoral focus pays off - exploit opportunities outside the US and in value stocks, while the US sub-sector remains relevant despite valuation overhang.
Bonds: Dynamic interest rate environment creates selective opportunities, whereby “long duration” remains strategically relevant and corporate bonds are only attractive to a limited extent.
Commodities & precious metals: Geopolitical and environmental trends make crude oil and industrial metals attractive; gold remains interesting in the long term and can serve as a geopolitical hedge at times.
Money and currencies: Moderate dollar strength and a benefiting yen due to monetary tightening require agile currency management and avoidance of excessive dollar exposure.
Private Markets: Infrastructure, transportation and private debt offer particular opportunities with high yield levels despite interest rate cuts, while secondary funds offer attractive discounts.
Hedge funds: Market-neutral strategies and convertible bond arbitrage are benefiting from current imbalances, with a focus on diversifying systematic approaches.
Digital assets: Bitcoin is establishing itself as a store of value, while altcoins offer potential and positive drivers predominate.
Volatility strategies: Increased volatility offers attractive return potential and remains an important portfolio component in the face of numerous uncertainties.
Real estate: Falling interest rates create new opportunities, whereby energy standards are crucial and price adjustments are well advanced.

Teaser video with Dr. Marcel V. Lähn: A first insight into the key topics of the annual outlook

Benefit from our analyses and make the best possible start to a successful 2025.

The FERI CIO Office wishes you a successful investment year 2025.

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About FERI

The FERI Group, headquartered in Bad Homburg, Germany, was founded in 1987 and has developed into one of the leading multi-asset investment houses in the German-speaking region. FERI offers tailor-made solutions for institutional investors, family assets and foundations in the business areas:

Investment Management: institutional asset management and private wealth management
Investment Consulting: advisory services for institutional investors and family offices
Investment Research: macroeconomic forecasts and asset allocation analyses

Founded in 2016, the FERI Cognitive Finance Institute acts as a strategic research center and creative think tank within the FERI Group, with a clear focus on innovative analyses and method development for long-term aspects of economic and capital market research.

Together with MLP, FERI currently manages assets of around EUR 61 billion, including around EUR 18 billion in alternative investments. In addition to its headquarters in Bad Homburg, the FERI Group also has offices in Düsseldorf, Hamburg, Hanover, Munich, Luxembourg, Vienna and Zurich.

Media relations contact

Marcel Renné

Chairman of the Board & CEO

presse@feri.de

Rathausplatz 8-10

D-61348 Bad Homburg

Downloads

FERI Jahresausblick 2025 (3.2 MB)