Eaton Vance Corp acquires Calvert assets
American investment management firm, Eaton Vance Corp, has signed a definitive agreement to acquire the business assets of Nebraska-based Ameritas Holding Company subsidiary firm, Calvert Investment Management, as part of the expansion of its responsible investing offerings.
Calvert president and chief executive, John Streur, said: "We believe we can [now] deliver best-in-class integrated management of responsible investment portfolios to investors across the U.S. and internationally."
"Eaton Vance is the ideal partner to help Calvert fulfil its mission to deliver superior long-term performance to clients and achieve positive impact."
Under part of the definitive agreement for Eaton Vance Corp, the Calvert funds Board of Trustees have signalled the intention of the firm to recommend investment advisory contracts with a newly formed Eaton Vance affiliate to fund shareholders, under the name of Calvert Research and Management.
Calvert has around US$12.3 billion in funds and separate account assets under management as of 30 September, and encompasses both actively and passively managed US and international fixed income and equity strategies.
Confirmation of the agreement will be reached on 31 December, 2016, subject to Calvert fund shareholder approval of new advisory agreements and conditions.
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