BDT seeks new sector

BDT has been debating with data providers on where to place its Global Focus Fund as the vehicle appears to be a hybrid of a hedge fund and a long only portfolio. Lipper has decided to place the portfolio in the Mixed Assets Flexible sector, rather than the global equity sector, due to its high bond weightings. The Micropal sector has not yet been decided, the group said. The fund, launched three months ago, is a Ucits-compliant, FSA-recognised and Imro-regulated collective investment scheme, however, it is also an absolute return fund, something generally reserved for hedge funds only...