Monday, 27 April 2015
Last updated 14 min ago
Sep 13 2007 | 11:39am ET
Traditional asset management giant Eaton Vance is currently marketing a not-so-traditional global macro strategy to institutional investors. But don’t call it a hedge fund.
“It’s not a hedge fund structure or vehicle, but we can be long and short, we can have commodities and we can short currencies,” said Lisa Jones, head of institutional marketing. “It has everything that a global macro strategy as far as an investment thesis, but the structure of the product is not a hedge fund. It’s either in a mutual fund structure, institutional separate account or as a commingled fund.”
Eaton’s global macro strategy, which has an extensive record dating back to 1990, has returned 8.35% on an annualized basis for the last 10 years, according to Jones. The strategy currently manages some $700 million in retail assets and the firm is looking to bring it into the institutional marketplace by first adding it to databases and spreading the word to consultants about it.
Boston-based Eaton Vance currently manages some $153 billion in total assets.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…