MJ Hudson has listed on the AIM market of the London Stock Exchange, raising a total of £31.4m from investors.
The asset management consultancy, which provides a range of consultancy services to fund managers as well as pension schemes and other investors, said it would use the new funds to support its growth plans. It said these include developing and enhancing its three divisions - business outsourcing, advisory and data & analytics divisions - as well as carrying out further acquisitions and expanding within the key UK, US and European alternative investment markets.
MJ Hudson chief executive Matthew Hudson said: "With the global alternative investment market forecast to exceed $20trn (£15.2trn) in the next five years, we see a significant opportunity to grow our business through a public listing. We have proven our ability to expand through both organic and acquisitive growth and we have attracted major international clients thanks to our reputation for quality service delivery, analytical tools from our large data capture, and alternatives fund management focus. As a highly ambitious growth company, one which we started from scratch, we see the public markets as our natural source of long-term capital."
Since being founded by Hudson in 2010, MJ Hudson has grown into an international business with diverse revenues, growing both organically and through acquisitions. In the past 12 months, the company has acquired Amaces, a US-based asset management benchmarking analytics firm, and Spring Associates Responsible Investment Service, an environmental, social and governance reporting and consultancy business in the Netherlands.
In October, the firm announced its intention to acquire Jersey-based Anglo Saxon Trust, a provider of company and trust formation and administration services.
It currently has over 750 clients, of which more than 500 are fund managers and over 200 are institutional investors. Assets managed and advised by MJ Hudson clients totals more than $1trn. The business has 182 staff with offices in the UK, Jersey, Guernsey, Luxembourg, The Netherlands, Switzerland, Italy and the US.
Foresight Group has announced plans to acquire the £700m Pension Infrastructure Platform (PIP) from a consortium of pension funds and the Pensions and Lifetime Savings Association (PLSA).
This week’s top stories included UBS’ completion of a £1.4bn longevity swap with Zurich and Canada Life, while chancellor Rishi Sunak announced the government’s Kickstart Scheme as part of provisions outlined in the Summer Statement.
Coronavirus Blog: PPF gives 90-day levy extension to struggling employers; Communicating with members in a crisis
In this live blog, Professional Pensions brings together all the latest news on the industry's response to the coronavirus pandemic, as well as regulatory and legal updates.
Professional Pensions spoke to Hymans Robertson senior partner John Dickson as part of an exclusive series of interviews with the leaders of some of the UK’s leading pension consulting firms. This is what he had to say…
Over 500 people are now registered to attend Professional Pensions Live - the industry’s largest virtual conference & exhibition.