FT Buys Medley Global, Intelligence Provider To Hedge Funds

Feb 3 2010 | 11:54am ET

The Financial Times has bought Medley Global Advisors, a macroeconomic policy intelligence company that counts many hedge funds among its clients.

Terms of the deal were not disclosed, but MGA’s assets were estimated to be about US$7.3 million at the end of last year. MGA was founded in 1997 by Richard Medley, a former political strategist to hedge fund honcho George Soros, and has about 45 employees.

The FT, which is owned by educational publisher Pearson, is seeking to shift more of its business into premium subscription services and away from advertising-based publications, which have taken a big hit during the recent financial crisis. The company said that MGA’s core subscribers, among them the world’s top banks, hedge funds and money managers, had maintained their subscriptions to MGA.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat