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Cryptocurrency: an Investor s crypto-nite or a diversification must-have?

Mandate roundup: ERAFP adds mid-caps to US equity strand

ERAFP, the French pension fund for civil servants, has awarded mandates for the management of its US equity portfolios, which now include dedicated mid-cap investments. The pension fund did not previously have dedicated US mid-cap mandates, but added these when it last year launched a call for tenders ahead of its US large-cap mandates expiring at the end of 2020. Today ERAFP announced it had chosen BFT Investment Managers, with the financial management delegated to Morgan Stanley Investment Management, for US mid-cap equities. The mandate is for around €150m, according to ERAFP. Schroder Investment Management and Amundi are on standby. Ostrum Asset Management and Oddo BHF Asset Management have been awarded US large-cap mandates for around €1.1bn in total. According to ERAFP, they have delegated the financial management to Loomis Sayles and Wells Cap Management, respectively.

DGAP-PVR: Deutsche Börse AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

DGAP-PVR: Deutsche Börse AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution Acquisition/disposal of instruments X Other reason: Notification is triggered mainly due to an acquisition of shares with voting rights and additionally due to the non application of the Custody Exemption available under Sect. 36 Para. 3 No. 2 WpHG 3. Details of person subject to the notification obligation Legal entity: Morgan Stanley 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached: 13 May 2021

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