The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:These Five Areas Top a CEO's M&A Wishlist Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 28, 2019

These Five Areas Top a CEO's M&A Wishlist

Reported by Neil Anderson, Managing Editor

When it comes to deal-hunting, there are five areas in particular that Tom Faust is keeping an eye on.

Thomas E. Faust
Eaton Vance
Chairman, CEO
Faust, chairman and CEO of Eaton Vance, shared that tidbit and more yesterday on the Boston-based fund firm's fiscal Q3 2019 earnings call with analysts (transcribed by Seeking Alpha). Eaton Vance's fiscal Q3 ended on July 31.

In response to a question from Autonomous Research partner Patrick Davitt, Faust pointed in particular to private credit, wealth management, ESG (like Eaton Vance's Calvert arm), customized SMAs (like Eaton Vance's Parametric arm), and non-U.S. business as "areas of interest" for possible M&A. He describes such areas as possible ways of rounding out Eaton Vance's business.

"Our business continues to be approximately 95% in the U.S. and 5% outside," Faust said. "We've stated our long-term goal to become more diversified internationally."

Yesterday morning, before the earnings call, the Eaton Vance team reported $0.90 in fiscal Q3 earnings per diluted share and revenue of $431.235 million, beating earnings estimates by $0.03 but missing revenue estimates by $1.46 million. AUM on July 31, 2019 reached a record $482.8 billion, up three percent for the quarter, up ten percent year-to-date, and up seven percent year-over-year. The firm brought in $8.01 billion in net fiscal Q3 2019 inflows, up 73 percent from fiscal Q2 2019 and up 115 percent year-over-year. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. 2022 ICI Leadership Summit, May 25-26
  2. ALFI Roadshow to New York, May 25
  3. 2022 IDC Fund Directors Workshop, May 26
  4. Irish Funds Annual Global Funds Conference 2022, May 30-31
  5. WealthManagement Edge, May 31 - June 3
  6. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  7. 28th annual Expect Miracles East Coast Classic, June 9
  8. 2022 Sohn Investment Conference, June 9
  9. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  10. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  11. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  12. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  13. 2022 MMI Emerging Asset Managers Forum, June 23
  14. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  15. Financial Planning INVEST, Jun 28-29
  16. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  17. MFDF Director Discussion Series - Open Forum (New York), July 20
  18. 2022 MMI Distribution Leadership Forum, Jul 20-21
  19. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  20. MFDF webinar - Performance, Perception and Manager Selection, September 14
  21. 2022 ICI Tax and Accounting Conference, Sep 18-21
  22. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  23. Nicsa Fearless Leadership Symposium, Oct 6-7
  24. 2022 MMI Annual Conference, Oct 19-21
  25. 2022 IDC Fund Directors Conference, Oct 24-26
  26. 18th annual Expect Miracles Wine & Spirits Event, October 27

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use