London-based hedge fund High Ground Investment Management has posted a standout performance this year, with its flagship global equities fund up 26.7% year-to-date, according to a report by Financial News citing unnamed sources familiar with the matter.

The firm, founded in 2019 by former TCI partner Edgar Allen, now manages $1.8bn in assets.

High Ground’s Arbury fund, managed by ex-Adelphi partner Henry Guest, returned 17.5% YTD, adding 0.9% in September.

Other hedge funds have also made solid gains amid a challenging year for the sector. Singapore-based Dymon Asia’s multi-strategy fund rose 13.1% YTD, while quant manager Quantedge gained nearly 15%, supported by a 4.3% return in September. US-based Glazer Capital’s Enhanced Offshore fund added 0.6% last month, bringing its 2025 returns to 9.2%.

Despite these strong individual performances, the broader hedge fund industry has struggled to match equity indices. The S&P 500 and Nasdaq are up 14% and 18% YTD, respectively, while the HFR Hedge Fund Index has gained just 7.2% through August. Macro strategies have been hit hardest, returning 0.3%, whereas emerging market funds led the sector with 13% gains.