BOSTON, Dec. 30, 2016 /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) announced today the completion of the previously announced purchase of substantially all of the business assets of Calvert Investment Management, Inc. (Calvert Investments) by Calvert Research and Management, a newly formed Eaton Vance subsidiary. In conjunction with the acquisition, the Boards of Trustees and the shareholders of the Calvert mutual funds (Calvert Funds) have approved investment advisory agreements with Calvert Research and Management. Terms of the transaction, which closes today, are not being disclosed.
Founded in 1976, Calvert Investments is a recognized leader in responsible investing, with $12.1 billion of fund and separate account assets under management as of October 31, 2016. Calvert Investments is an indirect subsidiary of Ameritas Holding Company. In conjunction with the transaction, John Streur, President and Chief Executive Officer of Calvert Investments, is joining Calvert Research and Management in the same role.
The Calvert Funds are one of the largest and most diversified families of responsibly invested mutual funds, encompassing actively and passively managed equity, fixed income and asset allocation strategies managed in accordance with the Calvert Principles for Responsible Investment. Mr. Streur remains President of the Calvert Funds.
"Eaton Vance is pleased to complete the previously announced purchase of the business assets of Calvert Investments," said Thomas E. Faust Jr., Chairman and Chief Executive Officer of Eaton Vance Corp. "The new Calvert Research and Management is dedicated to building on the Calvert brand and legacy to achieve global leadership in responsible investment management."
About Eaton Vance
Eaton Vance is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $336.4 billion in assets as of October 31, 2016, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information, visit eatonvance.com.
Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors that may be beyond the Company's control and could cause actual results to differ materially from those set forth in the forward-looking statements.
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SOURCE Eaton Vance Corp.