Last updated: 18:59 / Thursday, 12 January 2017
Terms Not Disclosed

Eaton Vance Corporation Announces Completion of Acquisition of Assets of Calvert Investment Management

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Eaton Vance Corporation Announces Completion of Acquisition of Assets of Calvert Investment Management
  • Calvert Research and Management acquires substantially all of the business assets of Calvert Investment Management
  • Calvert Research and Management is a newly formed Eaton Vance subsidiary
  • Terms of the transaction are not being disclosed

Eaton Vance announced the completion of the previously announced purchase of substantially all of the business assets of Calvert Investment Management, 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 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."

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