EV - Eaton Vance: Investment Manager For The Long Term
Company Description
Eaton Vance (EV) is an investment management company with an AUM of ~US$497bn as of FY19.
EV is made up of 4 investment affiliates:
- Eaton Vance Management: global equity manager
- Parametric: quantitative asset manager
- Calvert: ESG focused asset manager
- Atlanta Capital: Active managers for equity and bonds
Situation
We have observed a few driving trends in the asset management industry:
- Active management continues to be challenged as investors are now shifting their focus on passive and rule-based investments
- Intensifying downward fee pressure
- Declining profitability margin - while management fee has