Tim Whyte, one of the best-performing London hedge fund managers of the past few years, has left Sofaer Capital after big losses.

Sofaer�??s Natural Resources fund, which was managed by Tim Whyte, fell 17.4 per cent in one month. The losses resulted from plunging commodity-linked stocks.

The fund recorded a 57 per cent gain last year and almost 79 per cent the year before. The fund is down 16.6 per cent year to date.