UK Law, Asset Management Firm Makes Double Acquisition

Josh O'Neill

15 November 2016

, a UK-based law and asset management services firm, has acquired investment advisory business Allenbridge and outsourced fund management provider Tower Gate Capital for an undisclosed amount.

Founded in 2010 as an alternative investments law business, MJ Hudson provides advice to more than 300 asset managers managing in excess of £200 billion ($250.1 billion) in assets, it said in a statement.

Additionally, it supports the activities of more than 100 institutional investors who collectively have investments of more than £500 billion, the firm added.

“We can now offer fund managers, advisors, institutional investors and others a comprehensive asset management and investment infrastructure,” said Matthew Hudson, MJ Hudson's chief executive. “Covering such a broad community of clients across the investment management universe allows us to serve our clients better, by giving us multiple perspectives on the issues they face.”

While the Allenbridge name will continue, all of the services provided by the investment advisor and Tower Gate will be available under the MJ Hudson brand.