Stenham, the U.K.-based alternative investment wealth management group, has appointed John Long as institutional business development manager to further develop the firm’s long-term growth strategy in the U.K. institutional market.

Prior to joining Stenham, Long worked for Investec Asset Management for six years where he established and developed relationships with institutions including life assurance companies and private wealth managers. More recently he was in charge of Investec’s relationships with fund of hedge fund managers in the U.K. and Europe.

Harry Wulfsohn, head of institutional business development, said, “There is a growing awareness in the U.K. of the role of alternative investments in client portfolios as an important tool to help improve overall diversification and to reduce volatility. I am delighted to welcome John to the team as an important part of our growth strategy for the U.K.”

Stenham was founded in 1901 and currently has in excess of US$4 billion under management, with over US$2.2 billion under management in its multimanager hedge fund portfolios.