In the Margins
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.
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