Equitile M3 Fund Takes The Lead With 82.92% YTD Surge As HSBC Rankings Reshuffle

HSBC has new performance data which has shuffled the top-performing hedge funds in 2025. Now, on top is the M3 fund from Equitile Investments, with massive 82.92% YTD gains. The new name on the list is Orguel Capital, which pushed into sixth place with 42.34% returns.

There were no changes in the underperforming group, with the Exponential Age Digital Asset Fund and One River Systematic staying at the top two underperforming positions.

Top 10 Performers

1. Equitile M3 Fund: 82.92% YTD Returns

Two funds from Equitile Investments are among the top performers, with the M3 fund jumping into the first place. It is an offshore outfit, and since its inception in 2022, it has been struggling to generate revenue. In the last report, it was standing at a respectable 60.18% year-to-date returns. However, the new report shows a major surge, pushing the YTD gains to 82.92%.

Also see: Alken Fund Surges Past 30% YTD As Concentrated Bets On Zegona and BFF Bank Pay Off

2. Alken Capital Class J: 72.37% YTD Returns

Alken Capital and its private debt-oriented fund are continuing their performance, ripping through the year. Compared to the last report, the fund continued to surge, moving from 62.26% to 72.37% YTD gains.

Predominantly, the fund invests in mid-cap companies from Europe, with the largest exposure being in the UK, France, and Germany. Some of the portfolio holdings are Signet Jewelers, Western Digital, Micron Technology, and Pitney Bowes.