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The Financial Times is doing a fourth acquisition in the digital subscription data space, buying London-based MandateWire, which supplies info on European pension funds.
No acquisition price is disclosed. This follows the recent acquisitions of Mergermarket, Exec-Appointments.com and Money-Media. Pensions is hardly the sexiest end of the industry, but increasingly important as more companies struggle to keep their funds in tact.
MandateWire employs journalists to analyse over 2,000 Euro pension funds, sending daily emails to companies’ sales and marketing teams plus to analysts at fund management groups, 100 of which are on board as clients.
The eight-strong team will move in to the FT’s office this month, reporting to FT Fund Management publisher Matt Fottrell, though MandateWire MD Serenella Maculan will stay on board. FT’s fund management products also include FTfm, FT Mandate and Ignites Europe.