Eaton Vance Markets Global Macro Strat

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.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note