In the Margins

Eaton Vance results weaker than expected

February 25, 2016

By The Wall Street Journal

Eaton Vance posted weaker-than-expected earnings and revenue for its latest quarter, ending Jan. 31. Assets under management slipped 3% from the previous quarter to $302.6 billion, though they were up 2% from a year earlier. CEO Thomas Faust said market declines and outflows from floating-rate income and emerging market equity mandates more than offset strong organic growth in its other business segments. Read the original story from The Wall Street Journal.

 

 

Most Read

10 Things
10 Things...boards are facing now and into 2024

Serving on a mutual fund board is, by definition, a challenging job. But given the current regulatory environment, ever-increasing product competition (and related pressure on fees), ...