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Eaton Vance Corp's Eaton Vance Management Announces Launch of Institutional Cash Management Services Business


Tuesday, 5 Feb 2013 09:25am EST 

Eaton Vance Management (Eaton Vance), a subsidiary of Eaton Vance Corp announced the formation of Eaton Vance Institutional Cash Management Services (ICMS). ICMS will provide cash management services to institutional investors in the U.S. and internationally through customized separate accounts. Compared to institutional money market funds, separately managed cash accounts can offer higher yield potential, lower costs, greater transparency and more client control, while eliminating the risk of impaired liquidity or loss of value due to the actions of other fund investors. The ICMS unit will service approximately $3 billion in cash assets held across various Eaton Vance separate accounts and mutual funds. 

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