decision to depart the mutual fund management business
02/25/09) is the subject of Thursday's Wall Street Journal Fund Track column
. The article,
penned by Sam Mamudi, first appeared on WSJ sister publication
"Please be assured that this decision has nothing at all to do with the financial health of E*Trade Financial, which has been, and continues to be, very well capitalized by every applicable regulatory standard," Mamudi quotes E*Trade officials as stating in an e-mail to clients.
The lower portion of the Fund Track column is devoted to Eaton Vance
's results for its fiscal first quarter unveiled Wednesday morning (see
02/25/09). The Boston investment manager saw net income drop 57 percent due to a decline in revenue and fees.
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