Asset management consultant MJ Hudson has purchased Clarus Risk, a specialist in investment risk and risk reporting automation.
Guernsey-registered Clarus Risk is active primarily in the regtech segment and supports investment management firms with aggregate assets under management of close to £10 billion on its platform.
This is the fifth company to be acquired by MJ Hudson in the data and analytics area in the past 36 months and follows its take over of fund performance analytics provider PERACS in December 2020.
Prior to this, MJ Hudson acquired investor relations and marketing analysis company Meyler Capital in March 2020, ESG reporting and advisory firm Spring in July 2019 and Amaces, a foreign exchange and custodian benchmarking provider, in December 2018.
Clarus Risk was established in 2011 and offers risk and regulatory reporting functions primarily to alternative investment fund managers and investors via a software-as-a-service (SaaS) solution or as a managed service.
The deal will reinforce MJ Hudson’s capability in investment risk reporting, liquidity stress testing and automated regulatory reporting for UCITS, Packaged Retail and Insurance-based Investment Regulation products (PRIIPs) and Annex IV transparency information under the Alternative Investment Fund Manager Directive (AIFMD).
The Clarus team, including its leader Max Hilton, will all move to MJ Hudson. The firm will operate as MJ Hudson Quantitative Solutions, with intentions to extend its activities in London and to build its roster of quantitative engineers and risk professionals.
Chief operating officer and head of MJ Hudson’s data and analytics division Odi Lahav says: “Clarus’ fintech business model fits well into our current product suite. With the addition of Clarus, we can now offer clients enhanced levels of transparency, reporting and analytical solutions across the critical areas of their business.”
Clarus managing director Max Hilton says: “MJ Hudson’s continued focus on the research and development of data-driven analytical tools, as well as its proven ability to attract blue-chip clients for these products and services, makes this the perfect home for our growing and evolving product set.”
