Financial Times makes acquisition

The Financial Times announced Wednesday it had acquired Medley Global Advisors LLC, a provider of macro policy intelligence to top investment banks, hedge funds and asset managers.

Terms were not disclosed. Medley had estimated gross assets of $7.3 million at the year end.

Medley provides research and analysis through e-mail 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, in a statement.

“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 added. “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, London, Frankfurt, Beijing and Tokyo. The team will look to grow the business both in the U.S. and internationally.