BOSTON and SEATTLE, Sept. 25, 2017 /PRNewswire/ -- Eaton Vance Corp. (NYSE: EV) and its affiliate Parametric Portfolio Associates LLC (Parametric) announced that Thomas E. Faust Jr., Chairman and Chief Executive Officer of Eaton Vance, and Brian D. Langstraat, Chief Executive Officer of Parametric, will ring the Opening Bell at the New York Stock Exchange today to commemorate Parametric's 30th anniversary.
Founded in 1987, Parametric manages over $200 billion in assets for institutional and high net worth investors. The firm develops customized beta and systematic active strategies and overlay solutions that are rooted in investment science and constructed in a transparent, risk-managed way to provide clients with repeatable outcomes.
"Over the last 30 years, Parametric has been at the forefront of solving investor challenges ranging from tax management, factor investing and responsible investing to managing volatility," said Mr. Langstraat. "As investing becomes more complex, we help investors focus on what they can control – taxes, trading and investment costs, portfolio risk and operational efficiency – thereby adding meaningful incremental value. We have been fortunate to partner with some of the world's largest, most sophisticated investors to provide them with disciplined, high-value investment solutions."
Parametric has grown and evolved by offering capabilities designed to serve investors' changing needs. In 1992, the firm was among the first to provide customized, tax-managed solutions to separate account investors. In 2007, Parametric added options-based strategies and exposure management and, in 2012, acquired The Clifton Group Investment Management Company, a firm specializing in providing futures- and options-based overlay services and custom risk management solutions to institutional investors. Parametric began international operations in 2014 with the establishment of an office in Sydney to better meet the needs of institutions in Australia.
"Parametric's distinctive investment capabilities and commitment to innovation and client service have been rewarded in the marketplace by many years of exceptional business growth, contributing significantly to the overall growth of Eaton Vance," said Mr. Faust. "As we celebrate this milestone anniversary, we look forward to the continued success of Parametric and their clients and staff."
About Eaton Vance
Eaton Vance (NYSE: EV) is a leading global asset manager whose history dates to 1924. With offices in North America, Europe, Asia and Australia, Eaton Vance and its affiliates managed $405.6 billion in assets as of July 31, 2017, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors.
For more information, visit eatonvance.com.
About Parametric
Parametric, headquartered in Seattle, WA, is a leading global asset management firm, focused on the delivery of engineered portfolio solutions, including rules-based alpha-seeking equity, alternative and options strategies, as well as implementation services including custom core equity, futures overlay and centralized portfolio management. As of July 31, 2017, Parametric managed approximately $213.2 billion in total assets. Parametric is a majority-owned subsidiary of Eaton Vance Corp., and its principal investment centers are located in Seattle, WA, Minneapolis, MN, and Westport, CT.
For more information about Parametric, visit parametricportfolio.com.
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SOURCE Eaton Vance Corp.