High Ground Investment Management, a London-based hedge fund run by Edgar Allen, has appointed former Adelphi Capital Partner Henry Guest to run its second hedge fund, which is due to launch in Q4 2024, according to a report by Bloomberg.

The report cites High Ground in confirming that Guest joined the firm last week and will focus on a concentrated portfolio of growth companies in the healthcare and technology sectors in Europe. The new fund will operate alongside the firm's value-biased hedge fund, which Allen launched in 2019.

High Ground now manages around $625m, having launched with just $10m five years ago.