Appleton team resigns after IAM purchase

Hedge Funds Review understands the entire management team at London fund of hedge fund manager Appleton International Asset Management have resigned their respective positions after the firm's purchase last month by Integrated Asset Management (IAM).

The team at Appleton included Malcolm Arthur, the head of business development, fund manager Amanda McCracken and David Trail in sales. Their departures effectively leave the funds lacking managers who have long track records on them.

IAM has agreed

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