Two acquisitions for Guernsey’s MJ Hudson

Added 14th November 2016

Specialist law and asset management services firm, MJ Hudson, has acquired investment advisory firm Allenbridge and outsourced fund management provider Tower Gate Capital.

Two acquisitions for Guernsey’s MJ Hudson

MJ Hudson chief executive, Matthew Hudson, said the acquisitions enhance the company’s offering, enabling it to provide fund managers, advisers, and institutional investors with a comprehensive asset management and investment infrastructure.

The combined entity will provide advice and a fully integrated operating infrastructure to more than 300 asset managers, managing in excess of £200bn ($251.9bn, €232bn).

It will also support the activities of more than 100 institutional investors, together investing more than £500bn.

Alternative assets

Hudson said: “Our goal is to build the preeminent advisory and infrastructure business in alternative assets. This strategy is driven by three strong trends: the continuing growth in importance of alternative assets in investment portfolios, the increasing information requirements of fund investors and fund managers and the mounting pressure from investors, regulators and legislators for a more sophisticated and well-governed manager and fund infrastructure.

“Our fully regulated platform of outsourced front, mid and back office services, from legal, fiduciary, and regulatory cover to ratings, management, asset allocation and investor relations, offers clients an integrated and robust solution.”

The companies

MJ Hudson was established as an alternative investments law firm in 2010. It has more than 100 professionals, based in London, Paris, Zurich, Jersey, as well as Guernsey.

Tower Gate Capital, which is authorised in London and Guernsey, co-manages 12 funds with a closing AUM of more than £2bn. It also provides regulatory and compliance solutions to managers and advisers.

Allenbridge advises pension funds and other institutional investors on issues of asset allocation, manager selection and investment governance, as well as providing portfolio construction, due diligence services, fund ratings and risk analysis.

Details of the acquisitions were not disclosed. 

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Kirsten Hastings

Senior Reporter

Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 

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