On December 30, 2016, substantially all of the assets, business and goodwill of Calvert Investment Management, Inc. (CIM) were acquired by Calvert Research and Management (CRM), a newly-registered investment advisor and subsidiary of Eaton Vance Management (Eaton Vance). Eaton Vance, Inc. (EV) serves as trustee of CRM. Each of CRM, EV and Eaton Vance is a direct or indirect subsidiary of Eaton Vance Corp. (EVC), a Maryland corporation and publicly-held holding company. EVC through its subsidiaries and affiliates engages primarily in investment management, administration and marketing activities.
CRM's purchase of the assets of Calvert Investments, Inc. (CIM) included all technology, know-how, intellectual property and the Calvert Research System and processes. Following shareholder approval, CRM also became the successor investment manager to the registered investment management companies that CIM had been manager of prior to the transaction. In addition, CRM hired the vast majority of the employees that were part of CIM's sustainability research department.
Eaton Vance's decision to make CRM the centerpiece of its expansion into responsible investing places CRM in a strong position to seek competitive long-term performance for clients while seeking to positively impacting corporate behavior and society overall. By combining our expertise in ESG research with Eaton Vance's investment capabilities, distribution strengths, and management resources, CRM is becoming a stronger and more impactful company