London-head-quartered asset management consultancy, MJ Hudson, has acquired the fund and portfolio performance specialist PERACS.
PERACS is the fourth acquisition that MJ Hudson has made in the last two years into its data and analytics division. The deal will extend the services provided in the division.
Odi Lahav, COO and head of MJ Hudson’s data and analytics division, said: “The acquisition adds yet more proprietary methods, models, and tools to MJ Hudson’s data and analytics division, supporting our ambition to bring greater transparency to the expanding alternatives industry.”
Lahav continued: “We have already identified a number of existing MJ Hudson clients who will benefit greatly from fund performance analytics and there are, likewise, PERACS clients that we can introduce to the wide range of services provided by MJ Hudson.”
Looking further ahead, Lahav noted that the deal helps MJ Hudson to “power the next generation of analytical software tools” for its clients, built with machine learning techniques by its own developers.
Oliver Gottschalg, CEO of PERACS, added: “With the additional resources and market platform this transaction affords, we will be able to accelerate the release of new tools and provide our clients with an even better service. In particular, the breadth and depth of MJ Hudson’s services and its international network both provide exceptional opportunities for growth.”
