Eaton Vance Corp. on Wednesday reported assets under management for its money management affiliates of $260.3 billion as of March 31, up 5% from the prior quarter and up 32% from the year before.
The AUM increase from the year before reflects the acquisition of Clifton Investment Management and its $34.8 billion in AUM.
Eaton Vance reported net inflows of $6.6 billion for the quarter, up from $5.4 billion in net inflows in the prior quarter and $600 million in the second quarter of 2012. Strong inflows were attributed to floating-rate income and alternative strategies. Market appreciation also added $5.9 billion in AUM.
Eaton Vance reported long-term mutual fund assets of $127 billion, institutional separate account assets of $84.7 billion, retail managed account assets of $30.4 billion, high-net-worth assets of $18 billion and cash management fund assets of $127 million as of March 31.
Revenues for the quarter were $331.7 million, up 4.1% from the prior quarter and up 8.8% from the year before. Income was $108.1 million for the quarter, up 7% from last quarter and up 9% from the year before.