Eaton Vance | Jotup

FactSet Reports Results for Second Quarter 2024

Retrieved on:

Jeudi, mars 21, 2024

Growth, CFO, EPS, Research, Public expenditure, Table, Eaton Vance, Risk, GAAP, Retirement, Share repurchase, ASV

Buy-side and sell-side organic ASV growth rates for the second quarter of fiscal 2024 were 5.6% and 5.5%, respectively.

Key Points:

Buy-side and sell-side organic ASV growth rates for the second quarter of fiscal 2024 were 5.6% and 5.5%, respectively.
Americas revenues for the quarter increased to $352.6 million compared with $331.1 million in the second quarter of last year.
FactSet is reaffirming its outlook for fiscal 2024, originally provided on December 19, 2024, but anticipates finishing fiscal 2024 at the lower end of the guidance range for Organic ASV plus professional services growth and GAAP revenues.
As previously announced, the Company incurred an approximately $11 million personnel related charge during the second quarter of fiscal 2024 as part of a broader cost optimization program.

FactSet Appoints Laurie Hylton to Board of Directors

Retrieved on:

Mercredi, mars 20, 2024

Certified Public Accountant, FactSet, Business, Theatre, Business administration, Dartmouth College, FDS, University, Eaton Vance, Insurance, Audit committee, Bachelor, Retirement, Sun Life Financial, University of New Hampshire, Economics, Management

NORWALK, Conn., March 20, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced the appointment of Laurie Hylton to its Board of Directors.

Key Points:

NORWALK, Conn., March 20, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today announced the appointment of Laurie Hylton to its Board of Directors.
Hylton is a highly skilled and experienced senior finance executive with over 30 years of expertise in asset management and public accounting.
Hylton was appointed to the Board of Sun Life Financial Inc. in December 2022.
“It is an exciting time to join the board of a company that is working to harness the power of generative AI to transform its products,” said Hylton.

MSIM ETF Assets Surpass $1 Billion with the Conversion of Two Mutual Funds to ETFs

Retrieved on:

Lundi, mars 25, 2024

Banking, Asset Management, Professional Services, Finance, Growth, ETF, Rate, Eaton Vance, MSIM

Commenting on the ETF platform, Anthony Rochte, Global of Head of ETFs at MSIM, said: “We are pleased with the strong growth of MSIM’s ETF platform over the last year.

Key Points:

Commenting on the ETF platform, Anthony Rochte, Global of Head of ETFs at MSIM, said: “We are pleased with the strong growth of MSIM’s ETF platform over the last year.
Surpassing $1 billion in assets under management demonstrates the strong demand for accessing our differentiated investment capabilities in the ETF wrapper.
As conversions, EVTR and EVSM offer clients our longstanding approach to income investing with the advantages of an ETF vehicle, including tax efficiency, transparency, value and trading flexibility, as well as a track record and scale.”
These latest ETFs complement the existing MSIM active fixed income ETF offering, which includes: Calvert Ultra-Short Investment Grade ETF (NYSE Arca: CVSB), Eaton Vance Ultra-Short Income ETF (NYSE Arca: EVSB), Eaton Vance High Yield ETF (NYSE Arca: EVHY), Eaton Vance Intermediate Municipal Income (NYSE Arca: EVIM), and Eaton Vance Floating Rate ETF (NYSE Arca: EVLN).
Launched in 2023, MSIM’s ETF platform is comprised of 14 products, including six Calvert-branded ETFs, one Parametric-branded alternative income strategy, one Parametric-branded hedged equity strategy, and the six Eaton Vance-branded fixed income strategies.

Morgan Stanley Investment Management Expands ETF Platform with Eaton Vance Floating-Rate Strategy

Retrieved on:

Jeudi, février 8, 2024

Asset Management, Professional Services, Finance, Ticker, MSIM, ETF, Eaton Vance, Security (finance)

Morgan Stanley Investment Management (“MSIM”) today announced the launch of its latest ETF, Eaton Vance Floating-Rate ETF (Ticker: “EVLN”), an actively managed senior loan strategy.

Key Points:

Morgan Stanley Investment Management (“MSIM”) today announced the launch of its latest ETF, Eaton Vance Floating-Rate ETF (Ticker: “EVLN”), an actively managed senior loan strategy.
EVLN is the twelfth ETF strategy brought to market since the launch of MSIM’s ETF platform in February 2023 and is listed on the NYSE.
"The strategy combines our time-tested bottom-up approach with the additional tax benefits and intra-day liquidity that the ETF structure provides.”
This latest ETF complements the existing MSIM active fixed income ETF offering which includes: Calvert Ultra-Short Investment Grade ETF (CVSB), Eaton Vance Ultra-Short Income ETF (EVSB), Eaton Vance High Yield ETF (EVHY) and Eaton Vance Intermediate Municipal Income (EVIM.)
MSIM launched its ETF platform in February 2023 with six Calvert-branded ETFs and expanded the platform in October 2023 with one Parametric-branded alternative income strategy, one Parametric-branded hedged equity strategy, and the three Eaton Vance-branded fixed income strategies.

Saba Capital Files Lawsuit Against ASA Gold and Precious Metals and its Board of Directors Over Unlawful Shareholder Rights Plan

Retrieved on:

Mercredi, janvier 31, 2024

Asset Management, Professional Services, Finance, Nuveen, General counsel, Boaz Weinstein, Eaton Vance, BlackRock, District court, Gold, ASA, Security (finance)

Saba is seeking to invalidate the Company’s discriminatory and unlawful shareholder rights plan, which is also known as a poison pill.

Key Points:

Saba is seeking to invalidate the Company’s discriminatory and unlawful shareholder rights plan, which is also known as a poison pill.
ASA designed the poison pill in a sly and self-serving manner to guarantee that all shareholders will have the potential to suffer greatly, not just Saba.
If the poison pill is executed, there will inevitably be massive casualties across the Company’s shareholder base.
If ASA’s directors truly cared about creating value for shareholders, they would proactively rescind the poison pill and transition their positions to qualified fiduciaries.”

Voya Financial announces leadership-succession plan for Voya Investment Management and new head of investments

Retrieved on:

Mercredi, janvier 10, 2024

Professional Services, Finance, Voya Financial, Family, Eaton Vance, Northern Trust, Multimedia, CIO, VOYA, MSIM, Investment, Calamos Investments, Retirement, Lincoln National Corporation, Growth, Security (finance)

Voya Financial, Inc. (NYSE: VOYA), announced today that Christine Hurtsellers, chief executive officer (CEO) of Voya Investment Management (IM), has informed the company of her decision to retire later this year.

Key Points:

Voya Financial, Inc. (NYSE: VOYA), announced today that Christine Hurtsellers, chief executive officer (CEO) of Voya Investment Management (IM), has informed the company of her decision to retire later this year.
Toms has also joined Voya Financial’s Executive Committee and will now report to Heather Lavallee, CEO, Voya Financial.
View the full release here: https://www.businesswire.com/news/home/20240109707414/en/
Voya Financial, Inc., announced today that Christine Hurtsellers, chief executive officer of Voya Investment Management, has informed the company of her decision to retire later this year.
Equally important, Eric’s approach to money management aligns fully with the collaborative approach of our investment professionals at Voya IM.

Eaton Vance Declares Early Monthly Distributions and Special Distributions for Certain Eaton Vance Closed-End Funds

Retrieved on:

Vendredi, décembre 22, 2023

Banking, Asset Management, Professional Services, Finance, Risk, Market, Eaton Vance, Investment, Risk management, Morgan Stanley, History

Each Fund expects to declare its next regular monthly distribution at the beginning of February 2024 for payment in February 2024.

Key Points:

Each Fund expects to declare its next regular monthly distribution at the beginning of February 2024 for payment in February 2024.
Fund distributions may be affected by numerous factors, including changes in Fund performance, the cost of financing for Funds that employ leverage, portfolio holdings, realized and projected returns, and other factors.
There can be no assurance that an unanticipated change in market conditions or other unforeseen factors will not result in a change in a Fund’s distributions at a future time.
Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

U.S. District Court for the Southern District of New York Rules That Certain Closed-End Funds, Including Funds Advised by BlackRock, Violated the Investment Company Act of 1940

Retrieved on:

Jeudi, décembre 7, 2023

Saba filed its lawsuit in the Court on June 29, 2023 after the BlackRock trustees disclosed they would strip shareholders’ votes, in violation of the Investment Company Act of 1940 (the “ICA”), at their 2023 Annual Meeting.

Key Points:

Saba filed its lawsuit in the Court on June 29, 2023 after the BlackRock trustees disclosed they would strip shareholders’ votes, in violation of the Investment Company Act of 1940 (the “ICA”), at their 2023 Annual Meeting.
Despite the Funds filing various motions to dismiss the lawsuit, the Court ruled in favor of Saba, finding that the actions of the BlackRock Fund and its trustees violated federal law.
Just last week, the U.S. Court of Appeals for the Second Circuit upheld that certain Nuveen-advised closed-end funds also violated the ICA after Saba sued Nuveen and the trustees in the Court.
Royce Global Value Trust is managed by Royce Investment Partners, an affiliate of Franklin Templeton.

AI-Powered Wealth Management Solutions Platform AlphaTrAI Continues Growth Trajectory, Filling Two Senior Leadership Roles

Retrieved on:

Mercredi, décembre 13, 2023

Business development, Head, RBC, CRM, Information management, Culture, Information system, Artificial intelligence, Enterprise information management, Intelligence, Senior, Machine learning, Data management, Application development, Partnership, Eaton Vance, AI, Management, Sales

SAN DIEGO, Dec. 13, 2023 /PRNewswire/ -- AlphaTrAI – a technology-enabled solutions firm that delivers results through transformative artificial intelligence – announced today the continued expansion of its executive team with the addition of Scott Ruddick as Head of Business Development and Sami Tarazi as Senior Director, Application Development. The financial services industry veterans complement the firm's already impressive roster of accomplished professionals.

Key Points:

Some of the best minds in their respective fields are putting their talents to work for AlphaTrAI.
Scott and Sami are the latest impressive additions to the team, with each bringing incredible experience and passion to their roles.
Previously, Mr. Tarazi served in a variety of roles with RBC, including Senior Director of Data Management Products; Senior Director, Enterprise Information Management; and Senior Manager, CRM & Client Information Systems.
Mr. Tarazi said, "The culture of collaboration, innovation and customer focus fostered at AlphaTrAI is truly the gold standard.

Morgan Stanley Investment Management Expands ETF Platform with Five Active ETFs

Retrieved on:

Jeudi, octobre 19, 2023

Banking, Asset Management, Professional Services, Finance, Eaton Vance, MSIM, ETF, Parametric, Eaton, NYSE Arca, Trust, PAPI, SPDR, Security (finance), Financial adviser

Morgan Stanley Investment Management (“MSIM”) today announced the listing of five new ETFs on NYSE Arca.

Key Points:

Morgan Stanley Investment Management (“MSIM”) today announced the listing of five new ETFs on NYSE Arca.
“Following the successful launch of MSIM’s ETF platform earlier this year, the new additions to the platform further capitalize on the deep experience of our investment teams and client-focused approach by delivering actively-managed strategies through the in-demand ETF structure,” said Anthony Rochte, Global Head of ETFs at MSIM.
The five new ETFs advised by MSIM include:
All five of the ETF strategies will be actively managed and are designed to meet specific investor goals.
MSIM launched its ETF platform in February 2023 with six Calvert-branded ETFs, which total approximately $400 million in assets under management as of September 30, 2023.