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Moelis profits surge as another revenue record tumbles

Ken Moelis' New York-based independent advisory firm continues to hire at home and abroad

Moelis profits surge as another revenue record tumbles

The independent advisory firm Moelis & Co has made it three record quarters on the bounce.

In a statement, the firm — led by the former UBS dealmaker Ken Moelis — reported revenues of $172.1m for the three months ended June 30, a 31% year-on-year jump.

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