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Eaton Vance acquires Voyageur
Thursday December 1, 2:37 pm ET

Mutual fund giant Eaton Vance said Thursday it has acquired Voyageur Asset Management, a Boston money manager.

The deal's terms were not disclosed. Eaton Vance said Voyageur, which is affiliated with investment firm Voyageur Asset Management in Minnesota, will be integrated into its $3.5 billion wealth-management division, Eaton Vance Investment Counsel.

Founded in 1930, Voyageur has approximately $442 million in assets under management. Two of Voyageur's top executives, five investment professionals and a support staff will be making the move to Eaton Vance's offices.

The companies said the changes will not affect Voyageur's operations in Minneapolis and Chicago.

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