{"id":507723,"date":"2021-06-29T09:23:07","date_gmt":"2021-06-29T13:23:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments\/"},"modified":"2021-06-29T09:23:07","modified_gmt":"2021-06-29T13:23:07","slug":"eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments\/","title":{"rendered":"Eaton Vance Announces Floating-Rate Loan Fund Portfolio Management Appointments"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Craig Russ to retire in June 2022<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">BOSTON<\/span>, <span class=\"xn-chron\">June 29, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Eaton Vance Management (&#8220;Eaton Vance&#8221;) announced today the appointment of <span class=\"xn-person\">Ralph H. Hinckley, Jr.<\/span>, CFA, and <span class=\"xn-person\">Jake T. Lemle<\/span>, CFA, to the portfolio management teams of the Eaton Vance floating-rate loan mutual funds, effective <span class=\"xn-chron\">June 30, 2021<\/span>, and the retirement of <span class=\"xn-person\">Craig P. Russ<\/span>, Co-Director of Floating-Rate Loan Investments, in <span class=\"xn-chron\">June 2022<\/span>.<\/p>\n<p>Mr. Hinckley and Mr. Lemle will join the team of Mr. Russ and <span class=\"xn-person\">Andrew N. Sveen<\/span>, CFA, as portfolio managers of Eaton Vance Floating-Rate Fund (Class I: EIBLX) and Eaton Vance Floating-Rate Advantage Fund (Class I: EIFAX) and the team of Mr. Russ, Mr. Sveen, <span class=\"xn-person\">Kelley Baccei Gerrity<\/span> and <span class=\"xn-person\">Stephen C. Concannon<\/span>, CFA, as portfolio managers of Eaton Vance Floating-Rate &amp; High Income Fund (Class I: EIFHX).\u00a0 In addition to their new mutual fund management duties, Mr. Hinckley and Mr. Lemle will continue their current responsibilities in the Eaton Vance floating-rate loan group, Mr. Hinckley as a credit analyst and portfolio manager, and Mr. Lemle as Director of Loan Trading and Capital Markets. <\/p>\n<p>Mr. Russ will maintain his responsibilities as Co-Director of Floating-Rate Loan Investments until the end of 2021 and his portfolio management responsibilities, of both US and non-US based products, until his retirement. He will spend the next 12 months focused on ensuring continued investment and service excellence and a seamless transition.\u00a0 Mr. Russ has served as Co-Director of Floating-Rate Loan Investments since 2014 and has co-led the Eaton Vance floating-rate loan group team with Mr. Sveen since <span class=\"xn-chron\">March 2019<\/span>. \u00a0Mr. Russ has been a leading contributor to the Eaton Vance floating-rate loan group since joining in 1997, serving initially as a credit research analyst, then as a portfolio manager and ultimately as co-director. Mr. Russ began his career in the investment management industry in 1985. Before joining Eaton Vance, he worked in commercial lending at State Street Bank. <\/p>\n<p>&#8220;The promotion of Ralph and Jake to join the portfolio management teams of our industry-leading floating-rate income funds speaks to the depth of talent in our floating-rate loan group and our confidence in Ralph and Jake,&#8221;\u00a0said <span class=\"xn-person\">Eric Stein<\/span>, CFA, Chief Investment Officer, Fixed Income, of Eaton Vance.\u00a0 &#8220;Craig&#8217;s extensive leadership experience and investment insight, along with a deep understanding and connection to our clients, culture and industry, have been invaluable to the strong investment performance and growth of our floating-rate loan franchise.&#8221; <\/p>\n<p>Mr. Sveen will continue to lead the team as sole Director of Floating-Rate Loan Investments in <span class=\"xn-chron\">January 2022<\/span>. He is a 26-year industry veteran with deep knowledge of the floating-rate loan market and Eaton Vance&#8217;s investment strategies, having previously held senior positions at Eaton Vance across floating-rate loan credit research, trading and portfolio management functions. Mr. Sveen served as Director of Loan Trading &amp; Capital Markets from 2001-2019 and as a portfolio manager since 2007. He joined Eaton Vance as a Senior Credit Analyst in 1999 and previously worked as a corporate lending officer at State Street Bank alongside Mr. Russ, beginning in 1995. Mr. Sveen is a member of the Board of Directors of the Loan Syndications &amp; Trading Association.<\/p>\n<p>Eaton Vance applies in-depth fundamental analysis to the active management of equity, income, alternative and multi-asset strategies. Eaton Vance&#8217;s investment teams follow time-tested principles of investing that emphasize ongoing risk management, tax management (where applicable) and the pursuit of consistent long-term returns. The firm&#8217;s investment capabilities encompass the global capital markets. With a history dating back to 1924, Eaton Vance is headquartered in <span class=\"xn-location\">Boston<\/span> and also maintains investment offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">London<\/span>, <span class=\"xn-location\">Tokyo<\/span> and <span class=\"xn-location\">Singapore<\/span>. For more information, visit evmanagement.com.\u00a0Eaton Vance is a part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. <\/p>\n<p>\n        <i>This press release is for informational purposes only and is not intended to, and does not, constitute an offer to purchase or sell shares of a Fund. Additional information about the Funds, including performance and portfolio characteristic information, is available at eatonvance.com.<\/i>\n      <\/p>\n<p>\n        <i>Statements in this press release that are not historical facts may be forward-looking statements, as defined by the U.S. securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors that may be beyond a Fund&#8217;s control and could cause actual results to differ materially from those set forth in the forward-looking statements.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NE26533&amp;sd=2021-06-29\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments-301322032.html\">https:\/\/www.prnewswire.com\/news-releases\/eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments-301322032.html<\/a><\/p>\n<p>SOURCE  Eaton Vance Management<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NE26533&amp;Transmission_Id=202106290920PR_NEWS_USPR_____NE26533&amp;DateId=20210629\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Craig Russ to retire in June 2022 PR Newswire BOSTON, June 29, 2021 \/PRNewswire\/ &#8212;\u00a0Eaton Vance Management (&#8220;Eaton Vance&#8221;) announced today the appointment of Ralph H. Hinckley, Jr., CFA, and Jake T. Lemle, CFA, to the portfolio management teams of the Eaton Vance floating-rate loan mutual funds, effective June 30, 2021, and the retirement of Craig P. Russ, Co-Director of Floating-Rate Loan Investments, in June 2022. Mr. Hinckley and Mr. Lemle will join the team of Mr. Russ and Andrew N. Sveen, CFA, as portfolio managers of Eaton Vance Floating-Rate Fund (Class I: EIBLX) and Eaton Vance Floating-Rate Advantage Fund (Class I: EIFAX) and the team of Mr. Russ, Mr. Sveen, Kelley Baccei Gerrity and Stephen C. Concannon, CFA, as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Eaton Vance Announces Floating-Rate Loan Fund Portfolio Management Appointments&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507723","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eaton Vance Announces Floating-Rate Loan Fund Portfolio Management Appointments - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/eaton-vance-announces-floating-rate-loan-fund-portfolio-management-appointments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eaton Vance Announces Floating-Rate Loan Fund Portfolio Management Appointments - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Craig Russ to retire in June 2022 PR Newswire BOSTON, June 29, 2021 \/PRNewswire\/ &#8212;\u00a0Eaton Vance Management (&#8220;Eaton Vance&#8221;) announced today the appointment of Ralph H. Hinckley, Jr., CFA, and Jake T. Lemle, CFA, to the portfolio management teams of the Eaton Vance floating-rate loan mutual funds, effective June 30, 2021, and the retirement of Craig P. Russ, Co-Director of Floating-Rate Loan Investments, in June 2022. Mr. Hinckley and Mr. Lemle will join the team of Mr. Russ and Andrew N. Sveen, CFA, as portfolio managers of Eaton Vance Floating-Rate Fund (Class I: EIBLX) and Eaton Vance Floating-Rate Advantage Fund (Class I: EIFAX) and the team of Mr. Russ, Mr. Sveen, Kelley Baccei Gerrity and Stephen C. 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Hinckley, Jr., CFA, and Jake T. Lemle, CFA, to the portfolio management teams of the Eaton Vance floating-rate loan mutual funds, effective June 30, 2021, and the retirement of Craig P. Russ, Co-Director of Floating-Rate Loan Investments, in June 2022. Mr. Hinckley and Mr. Lemle will join the team of Mr. Russ and Andrew N. Sveen, CFA, as portfolio managers of Eaton Vance Floating-Rate Fund (Class I: EIBLX) and Eaton Vance Floating-Rate Advantage Fund (Class I: EIFAX) and the team of Mr. Russ, Mr. Sveen, Kelley Baccei Gerrity and Stephen C. 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