Eaton Vance Bolsters Global High Yield Investment Capabilities

News provided by

Nov 30, 2016, 08:30 ET

BOSTON, Nov. 30, 2016 /PRNewswire/ -- Eaton Vance Management (International) Limited (EVMI), a subsidiary of Eaton Vance Management, today announced that Clifton Bowie (Bo) Hunt has joined the firm as Vice President, Global High Yield Analyst, reporting to Jeffrey D. Mueller, Vice President, High Yield Portfolio Manager. Effective immediately, Mr. Hunt will be based in London and will have responsibility for analysing and evaluating the creditworthiness of high yield bond issuers and making timely investment recommendations.

The appointment marks the latest in a series of strategic steps to enhance Eaton Vance's high yield and broader fixed income offerings to the European market. Earlier this year, Eaton Vance lowered the management fees and agreed to cap the total expense ratio of Eaton Vance International (Ireland) U.S. High Yield Bond Fund (Fund).¹

"Bo's appointment comes at a very exciting time for our strategy, and he will be a great addition to our team," said Mr. Mueller. "His in-depth experience and understanding of fixed income markets bolsters our global investment research capabilities, while the reduction in fund expenses strengthens the competitiveness of our offering to European and UK investors."

Mr. Hunt joins from Fidelity International in London, where he served most recently as a credit analyst in the firm's fixed income division. Prior to joining Fidelity, Mr. Hunt was a stressed/distressed credit analyst within the Global Credit & Special Situations Group at Bank of America Merrill Lynch in New York. He previously held credit analyst roles at Petsky Prunier LLC and Rothschild Inc. Mr. Hunt graduated from the Wharton School at the University of Pennsylvania with a bachelor of science in economics.

Eaton Vance is also announcing its membership with The Investment Association, a trade organisation that represents the interests of UK investment managers and investors. This development further signifies the company's commitment to the UK market and in particular, to the wholesale investment community.

Eaton Vance (NYSE: EV) 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. For more information, visit eatonvance.com.