11.27.2017

Eaton Vance Eyes Raising Hexavest Stake

11.27.2017

Investment manager Eaton Vance has the next few weeks to decided whether to take a majority interest in Montreal-headquartered equity manager Hexavest.

“We are in the middle of negotiations and would prefer not to say too much,” said Thomas Faust, CEO of Eaton Vance during the firm’s fourth-quarter earnings call. “We like the way they run their business.”

Eaton Vance originally acquired 49% interest in the Canadian firm in 2012, which gave it control of Hexavest’s development outside of Canada as well as an option to take a larger stake in the firm at a later date.

Since the investment, Hexavest has increased its global footprint and currently has offices in London, Sydney, Singapore, and Tokyo.

“In London, we now have a staff of nearly 50 people, up from just a handful two years ago,” noted Faust. “I am pleased to report that our increased focus on growing our international business is beginning to pay off.”

Eaton Vance has reported that asset managed for non-US clients contributed more than $5 billion to the company’s consolidated net inflows, which equates to 30% internal growth for managed assets.

“Leading contributors to this year’s international growth include bank loans and exposure management,” said Faust. “Still representing less than 6% of managed assets, we see lots of room to run for additional growth outside the US”.

If Eaton Vance decides to exercise its option, it will represent a $90 million commitment by the firm. “It not an insignificant amount,” he said.

In November 2016 the investment manager acquired the assets of Calvert Investments, which manages a family of actively and passively managed responsibly invested equity and fixed income mutual funds, for an undisclosed sum.

Since the acquisition, assets managed by Calvert research and management subsidiary, including account sub-advised by other Eaton Vance affiliates increased by $900 million, up 26% from 12 months earlier, according to Faust.

Markets Media Group was pleased to host the 2025 European Women in Finance Awards last night at Claridge’s in London.
#WomeninFinance #WIF #EuropeanFinance #FinanceCommunity

See the full list of winners here: https://www.marketsmedia.com/2025-european-women-in-finance-awards-the-winners/

3

We are excited to announce the finalists for the 2025 U.S. Women in Finance Awards! Congratulations to all!

Check out the full list here:


#WomeninFinance #WIF #financeindustry

Nominations are NOW OPEN for the 2026 Women in Finance LatAm Awards! Do you know a standout leader, innovator, or rising star? Nominate her today!

Learn more & submit your nomination:

#WomeninFinance #Finance #WIF

HSBC AI Markets harnesses natural language processing to meet market participants’ trading and hedging needs, from pre-trade analysis, to execution, to post-trade. Markets Media caught up with Tom Croft to learn more about the platform.

#AIMarkets

Load More

Related articles

  1. European ETFs Gather Record Assets

    The bank is seeing broad-based strength across equities, FICC, IPOs and M&A.

  2. The acquisition comes after a record month of volume and revenue for the crypto options exchange.

  3. Competition for the fastest-growing RIAs has increased, creating multibidder situations & larger deals.  

  4. Amundi Technology has grown each year since the business was set up in 2021.

  5. Fink said the Preqin transaction is one of the asset manager’s most important acquisitions.

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA