London-based law firm MJ Hudson has bought two 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 fund-services provider Tower Gate Capital for a combination of shares, cash and earn-outs. Michael Jackson Estate Sues The buyouts come amid increased mergers and acquisitions activity in the hedge fund industry.
London-based law firm MJ Hudson has bought two 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 fund-services provider Tower Gate Capital for a combination of shares, cash and earn-outs. MJ Hudson will now create a company advising 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.