Fund manager MJ Hudson has posted a £5.3m pre-tax loss in the year to June, which is slightly less than last year’s loss of £7.3m.
This is despite a strong demand for private equity and ESG products.
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“There is growth in private equity and other alternative funds assets under management, as investors seek higher returns and yield,” said Matthew Hudson, chief executive.
“Re-focus on regulation and governance, especially benefitting our market-leading ESG business, that helps clients deal with increased regulation and improve transparency.”