New York State Deferred Compensation Plan, Albany, is removing the Eaton Vance Large Cap Value Fund, managed by Eaton Vance Management, from the investment lineup of the $17.6 billion plan, David Fischer, executive director, said in an e-mail.
The fund is being removed due to “performance and change of management,” wrote Mr. Fischer. It has about $128 million in participant assets. Those assets likely will be transferred to another option, but Mr. Fischer didn’t specify which one.
Robyn Tice, spokeswoman for Eaton Vance, could not be reached for comment by press time.