The Financial Times, one of the world’s leading business news organisations, has acquired Medley Global Advisors LLC (MGA), a premier provider of macro policy intelligence to the world’s top investment banks, hedge funds and asset managers. The acquisition strengthens the FT’s position as a global leader in premium financial information. MGA had estimated gross assets of $7.3 million at the year end.
Medley Global Advisors provides in-depth research and analysis through email and verbal consultations to help clients understand and anticipate the major policy events driving interest rate, currency and energy markets.
The acquisition will enhance the FT’s portfolio of services geared towards major global financial institutions and asset managers, including FTfm, its global fund management supplement, and Money-Media, the market leader in online news and commentary for the fund management sector.
“This acquisition delivers another premium service to an important FT audience and reinforces our strategy of building strong subscriber and digital businesses in core sectors,” said John Ridding, Chief Executive of the FT.
“MGA holds a unique position at the crossroads of the policy world and financial markets, combining primary research with direct access to policymakers to deliver breaking news and deep insights,” Ridding said. “We see strengths across its portfolio of businesses, which complement existing FT efforts and strategy, and substantial scope for international growth.”
The business will continue to be run from its headquarters in New York City and will maintain offices in Washington, DC, London, Frankfurt, Beijing and Tokyo. The team will look to grow the business both in the US and globally.
Craig Sawin, president of Medley Global Advisors, said: “This acquisition marks an important step in the development of MGA’s business and we’re delighted to be a part of the Financial Times. The FT’s strong global position and expertise will strengthen our offering and serve as a great springboard for continued international expansion.”
For more information about MGA please visit: http://www.medleyadvisors.com/
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For further information, please contact:
Tom Glover, Financial Times, +44 20 7775 6840 or tom.glover@ft.com
Darcy Keller, Financial Times, +1 212-641-6614 or darcy.keller@ft.com
About the Financial Times:
The Financial Times, one of the world’s leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed at 23 print sites across the globe, has a daily circulation of 400,827 (ABC figures, December 2009) and a readership of 1.3 million people worldwide. FT.com is the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 11.4 million unique users, generating 83.2 million page views (ABCe figures, March 2009) and now has over 1.8 million registered users.
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