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Feri
Feri was founded in 1987 as the first independent multi-asset specialist in Germany, initially built around proprietary macroeconomic research and...
Feri
Feri was founded in 1987 as the first independent multi-asset specialist in Germany, initially built around proprietary macroeconomic research and fund-selection ratings. The firm operates from its headquarters in Bad Homburg with additional offices in Zurich, Vienna, and Luxembourg. Its client base spans sophisticated private wealth and institutional investors, primarily in German-speaking Europe. Feri structures its portfolios around up to nine asset classes, blending traditional liquid exposures with alternatives. Publicly disclosed allocations include government bonds, investment-grade corporate credit, global equities, gold, and a dedicated menu of alternatives such as hedge funds, private credit, infrastructure, secondaries, and real estate. The firm's flagship volatility-strategy family — OptoFlex, US EquityFlex, and EuroEquityFlex — uses a systematic options-premium approach to produce absolute-return and enhanced-equity outcomes. OptoFlex I won a UCITS Hedge Award in 2025 for best performing fund over 5, 7, and 10 years in the Short Volatility (Quantitative) category (per The Hedge Fund Journal, 2025). The firm employs over 280 professionals across its four-country footprint. Its fund range was re-validated in 2025 when seven separate strategies won industry awards for multi-asset management, hedge funds, and volatility mandates. Dr. Marcel V. Lähn assumed the CEO role in 2025, succeeding a prior generation of leadership in a structured transition. The adjacent FERI Trust brand provides wealth-management and family-office services, while its in-house research division continues to publish macro forecasts under the "Big Picture" banner that feed directly into the asset-allocation process. Feri's structural edge lies in keeping an institutional-grade economic research capability inside a manager that also acts as fiduciary for private wealth, giving it a direct line from macro view to portfolio construction without the intermediation of a third-party strategist. This setup places it between a pure fund-of-funds allocator and a full-service family office, competing with both private banks and independent asset managers for the same German-speaking wealth pool.
General information
Firm type
Generalist
Year founded
1987
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Bad Homburg
Corporate office
Bad Homburg, Germany
Additional offices
Zurich, Switzerland · Vienna, Austria · Luxembourg
Principals
Dr. Marcel V. Lähn
Vorstandsvorsitzender (CEO)
Sector focus
Frequently asked questions
Who runs investment decisions at Feri?
Dr. Marcel V. Lähn took over as CEO in a planned transition in 2025, providing strategic leadership to the entire firm. Day-to-day asset management is handled by dedicated heads of each investment desk — Feri recently added a new Head of Fixed Income Asset Management to expand its in-house expertise. The investment process is tightly integrated with the outputs of Feri's own economic research team, which publishes macro forecasts used directly in multi-asset allocation.
Is Feri primarily an asset manager or a family office?
Feri operates primarily as an independent multi-asset manager, but the wider group includes an adjacent wealth-management and family-office service line under the FERI Trust brand. This structure allows Feri to manage discretionary multi-asset mandates for private families while also offering more bespoke trust and family-office services. The core management company, FERI AG, remains an asset manager subject to German regulatory oversight.
How does Feri generate returns from volatility?
Feri's Flex fund family uses a systematic, forecast-free options strategy grafted onto different underlying equity exposures. The OptoFlex strategy combines a risk-minimized bond portfolio with a systematic US equity options premium strategy to target an absolute-return profile, while US EquityFlex and EuroEquityFlex seek steady outperformance over the S&P 500 and EURO STOXX 50 respectively. These strategies have been running since 2012, with OptoFlex I earning a UCITS Hedge Award for top short-volatility-quantitative performance over 5, 7, and 10 years (per The Hedge Fund Journal, 2025).
Does Feri offer ESG-compliant portfolios?
Yes. Feri was awarded five stars — the highest rating from Capital magazine and the Institut für Vermögensaufbau — as the best independent asset manager in sustainability. The evaluation covers ESG criteria in the investment funds, the investment process, and the firm itself. The recognition confirms ESG integration across Feri's multi-asset mandates.
Is Feri's research proprietary or sourced from external strategists?
Feri's research is proprietary. The firm has maintained an in-house economic and strategy research division since its founding in 1987, publishing forward-looking "Big Picture" forecasts that directly inform the manager's asset-allocation and portfolio-construction decisions. This integrated model means Feri's investment teams trade on the same house view without relying on an outsourced macro provider.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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