Appleton prepares European multi-manager fund

Appleton International Asset Management is preparing to launch a new European multi-manager hedge fund. The company currently has $500m of funds under management.

The Appleton European Hedge Fund will initially be available for its private clients, although it intends to open it to external investment later. It will join the Appleton Global Hedge fund which invests in blue-chip companies and has been running since 1997 with over $60m under management.

Amanda McCracken, research director for th