London Diversified Fund Management, once one of London's largest hedge fund managers, has lost five partners after a year in which its main two products lost more than their average peers and the firm restricted investors from withdrawing their money.

The five partners who have left the Mayfair-headquartered firm were Jeremy Gelber, Daniel Gabay, Shamik Dhar, Andrew Clare and Carmine di Conno. Their appointments ended between mid-February and the first week of this month, according to papers the firm filed at Companies House.