One Time High Flyer Hedge Fund Stages Comeback in 2013

London Diversified Fund Management, once a high flyer among fixed income hedge funds with $5 billion under management, took a severe blow as the global financial crisis struck and the U.S. in particular was hit with a crisis in the housing market. LDFM's London Select Fund is managed by David Gorton—the hedge fund has over $600 million and invests in liquid assets using a  fixed income global macro strategy. London Select was up 2.05 percent in May, in addition to the +6 percent return it netted in April, and the fund is up 11.15 percent YTD.

LDFM  Hedge Fund Currency Positions

London Select fund took profits in its shorts in Swiss Franc, which the fund increased based on a bullish...