The group managing director at $2.6bn fund of funds Stenham Asset Management, who joined the firm when it acquired a smaller boutique over 18 months ago, has left, Financial News has learned.

Jeremy Alun-Jones, a member of the investment committee, who joined Stenham when it bought $400m fund of funds manager Montier Partners in September 2010, left the group with effect from May 1, according to a spokeswoman for the firm.