MJ Hudson, a firm that provides legal services to fund managers, has bought two smaller firms as it tries to bulk up and take advantage of investor pressure on some of the world’s biggest hedge funds. The London-based firm said it had bought investment consultant Allenbridge and fund-services provider Tower Gate Capital for a mixture of cash, shares and earn-outs. The deals will create a firm advising more than 300 asset...
London - based investment firm MJ Hudson has bought several smaller firms amid increased investor pressure on some of the world 's biggest hedge funds . The company , which provides legal services to fund managers , acquired investment consultant Allenbridge and financial - services provider Tower Gate Capital for a combination of shares , acquisitions and earn - outs . MJ Hudson partners now create a company employing more than 300 asset managers with more than £ 200bn ( $ 248bn ) of assets in areas including hedge funds , real estate and private equity . The buyouts come amid increased mergers and acquisitions activity in the hedge fund industry .