News in brief - 1

• Asset manager Gaim Advisors has been appointed to manage the Condor European and Kingfisher hedge funds, previously managed by Appleton International. The operations of the funds will now come under the supervision of Birol Atikol, Gaim's chief investment officer. Day-to-day management will be the responsibility of Tushar Patel, senior hedge fund manager. Appleton's management resigned their posts last month after Appleton was sold to Integrated Asset Management.

• Absolute Return Europe, a lon