MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 9, 2005 EV Chief Weighs in on Solo Shops Eaton Vance chief James Hawkes believes asset-management only shops are poised for more success, according to a report from Reuters. At a conference on Wednesday, Hawkes said that asset management-only shops may stand to gain from investors shunning lower-performing products. "The world seems to be embracing the concept of independent mutual funds and I think that this may provide us with a tremendous opportunity," said Hawkes. How does Eaton Vance plan on taking advantage of the opportunity? The Boston-based firm plans to grow by continuing to target the affluent market, boosting institutional business, and growing retail managed account assets. "We added assets the old-fashioned way and we plan to go after our next $100 billion the same way," said Hawkes. Printed from: MFWire.com/story.asp?s=9856 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |