Jim Mitchell was named head of investment management for Europe by hedge fund-of-funds firm Tremont Capital Management. The position is new. He will oversee a three-person unit in London that performs hedge fund manager evaluation, selection and monitoring, and develops customized hedge fund-of-funds portfolios. He will also supervise the firm's London-based client relationship management unit. Rupert Allan, managing director of Tremont's London office, said the firm intends to further expand its institutional business in Europe and Asia, and more analyst and relationship management hires are likely. Mr. Mitchell was vice president of investment relationship management for global clients in the firm's Rye, N.Y., headquarters. Most of those duties will be moved to the London office, and he will not be directly replaced in the U.S., said Cynthia Nicoll, senior vice president, director of investment management.