mast image

Special Report

Impact investing

Sections

Feri loses hedge fund specialists (UPDATED)

GERMANY - FERI Institutional Advisors (FIA), the German investment consultant, has lost its entire hedge fund advisory team, as well as Werner Goricki, the head of the unit, it has emerged. Yesterday, IPE reported that FIA had lost Goricki and two members.

The five will leave by the end of March, IPE understands, although there are thought to be advanced plans to replace them. FIA declined to comment, as did Goricki.

Sources close to events told IPE yesterday that Goricki's departure was partly due to by FIA's recent decision to combine his team with that for private equity to create a new alternatives advising team.

The managing director responsible for private equity advising was Bernd Kreuter and he, instead of Goricki, was named head of the new alternatives team. Kreuter is one of FIA's six remaining MDs, all of whom report to Arnd Thorn, chief executive of Bad Homburg-based FERI.

Since 2003, FIA has been hit by an exodus of senior consultants, several of whom have joined rivals such as Faros and Watson Wyatt.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2540

    Asset class: All/Large Cap Equities.
    Asset region: UK.
    Size: The fund will be added to our guided fund range.
    Closing date: 2019-05-27.

  • QN-2541

    Asset class: Small/Mid-Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

  • QN-2542

    Asset class: All/Large Cap Equities.
    Asset region: Switzerland.
    Size: CHF 130m.
    Closing date: 2019-06-04.

Begin Your Search Here