MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, February 24, 2010 Profits Double at a Boston Asset Manager Eaton Vance earned $51.5 million, or 37 cents a share, in the three months ended January, up from $25.3 million, or 21 cents a share, a year ago. Analysts polled by Thomson Reuters predicted earnings of 36 cents a share. The Boston-based firm saw long-term fund net inflows of $1.5 billion in the first quarter of fiscal 2010, compared to $500 million in the year-ago period. Eaton Vance chalked up $6.8 billion of fund sales and other inflows, $4.7 billion of fund redemptions and $600 million of reductions in fund leverage. Eaton Vance ended January with total AUM of $161.6 billion. Printed from: MFWire.com/story.asp?s=27387 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |