Auda International, a New York-based alternative asset manager, has hired a chief investment officer and vice-president from hedge fund Kite Partners and integrated Kite's funds to bolster its hedge fund business.

Auda's chief investment officer George Chacko for hedge funds had served in the same role at Kite as well as managing partner. At Kite, Auda's new vice president for the group Karl Neumar was portfolio manager.