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Tom Michels, fund manager with BLI-Banque de Luxembourg Investments, will present the BL European Small and Mid Caps fund that he manages. The objective of the fund is to generate long-term capital gains by investing primarily in quality European small and mid-cap companies that have a sustainable competitive advantage. Companies considered for investment have a stock market capitalisation of between 300 million and 7.5 billion euros. The fund aims to generate higher risk-adjusted returns than its benchmark universe over a full market cycle. The fund manager implements an active strategy based on solid convictions.