Wall street Journal- U.K. hedge-fund manager London Diversified Fund Management recorded a loss of 17% on its global macro fund for the year to June 6, a rare loss under what generally has been a successful strategy.
Global macro funds make bets on global financial and economic trends, a strategy that has been the most successful so far this year, making 5.35% in the first five months, according to U.S. data provider Hedge Fund Research.
