United States

Profile: Eaton Vance Corp (EV)

EV on New York Consolidated

24 May 2019
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Eaton Vance Corp., incorporated on January 29, 1981, is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. The Company operates as an investment advisor to funds and separate accounts. The Company, through its subsidiaries and other affiliates, manages active equity, income and alternative strategies across a range of investment styles and asset classes, including the United States and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds. Through its subsidiary, Parametric Portfolio Associates LLC (Parametric), it manages a range of engineered alpha strategies, including systematic equity, systematic alternatives and managed options strategies. Through Parametric, it also provides portfolio implementation and overlay services, including tax-managed and non-tax-managed custom core equity strategies, centralized portfolio management of multi-manager portfolios and customized exposure management services.

The Company's open-end fund lineup includes tax-managed equity funds, non-tax-managed equity and multi-asset funds, state and national municipal income funds, taxable fixed income and cash management funds, floating-rate bank loan funds and alternative funds sold to United States and non-United States investors. The Company's tax-managed equity fund line-up encompasses a range of equity styles and market caps, including large-cap core, large-cap value, multi-cap growth, small-cap, international, emerging markets, global dividend income, global small-cap and equity asset allocation. Its non-tax-managed equity fund offerings include large-cap, multi-cap and small-cap funds in value, core and growth styles; dividend and global dividend income funds; and international, global, emerging markets, healthcare and real estate funds. Its family of municipal income mutual funds comprises 11 national and 18 state-specific funds in 16 different states, as of October 31, 2016.

The Company's floating-rate bank loan fund is a manager of retail bank loan funds. Its alternative category includes a range of absolute return strategies, as well as commodity- and currency-linked investments. It offers four absolute return funds in the United States and a global macro strategy that it sells to fund investors outside of the United States. Its Ireland- and Cayman Island-domiciled open-end funds offer a range of investment strategies to non-United States investors. Its family of closed-end funds includes municipal bond, domestic and global equity, bank loan, multi-sector income and taxable income funds. Its private fund category includes privately offered equity funds designed to meet the diversification and tax-management needs of high-net-worth investors. In the United States and internationally, the Company offers its services for government, corporate and union retirement plans, endowments and foundations, nuclear decommissioning trusts and asbestos litigation trusts, sovereign wealth funds, and investment funds sponsored by others for which it serves as a sub-advisor.

The Company's assets under management in open-end non-tax-managed equity funds totaled $21.2 billion, at October 31, 2016. As of October 31, 2016, the Company managed $10.7 billion in open-end municipal income fund assets. Its assets under management in open-end taxable income funds totaled $12.7 billion at October 31, 2016. Its assets under management in open-end floating-rate bank loan funds totaled $15.4 billion at October 31, 2016. Its assets under management in open-end alternative funds totaled $7.7 billion at October 31, 2016. As of October 31, 2016, the Company managed $23.6 billion in closed-end fund assets. The Company's Institutional separate account assets under management totaled $136.5 billion at October 31, 2016. Its high-net-worth separate account assets under management totaled $25.8 billion at October 31, 2016. Its retail managed account assets totaled $48.4 billion at October 31, 2016. The Company also oversees the management of and distributes investment funds sub-advised by unaffiliated third-party managers, including global and regional equity and asset allocation strategies.

The Company conducts its investment management business through its subsidiaries, Eaton Vance Management, Boston Management and Research (BMR), Eaton Vance Investment Counsel (EVIC), Eaton Vance (Ireland) Limited (EVAI), Eaton Vance Trust Company (EVTC), and three other consolidated subsidiaries, Atlanta Capital Management Company, LLC (Atlanta Capital) and Parametric Risk Advisors LLC (Parametric Risk Advisors), among others. EVAI provides management services to the Eaton Vance International (Ireland) Funds Plc. EVTC is a trust company.

The Company competes with Affiliated Managers Group, Inc., AllianceBernstein L.P., Artisan Partners Asset Management Inc., BlackRock, Inc., Cohen & Steers, Inc., Federated Investors, Inc., Franklin Resources, Inc., GAMCO Investors, Inc., Invesco Ltd., Janus Capital Group, Inc., Legg Mason, Inc., OM Asset Management plc, T.Rowe Price Group, Inc., Virtus Investment Partners, Inc. and Waddell & Reed Financial, Inc.

Company Address

Eaton Vance Corp

2 International Pl
BOSTON   MA   02110-4104
P: +1617.4828260
F: +1617.4822396

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