Morgan Stanley to Buy Eaton Vance for $7 Billion

Christel Deskins

Morgan Stanley said it is buying fund manager Eaton Vance Corp. for $7 billion, continuing the Wall Street firm’s shift toward safer businesses like money management. Its pivot mirrors a broader shift in power and profits on Wall Street. The trading profits of the 2000s are long gone, sapped by […]

Morgan Stanley Sustainable Reality Report Reveals Sustainable Funds Outperformed Traditional Funds and Reduced Investment Risk Despite Global Pandemic

Christel Deskins

Sustainable investing funds can outperform traditional funds and reduce investment risk, according to a new Sustainable Reality report published today by the Morgan Stanley Institute for Sustainable Investing (The Institute). In the first half of 2020, the COVID-19 pandemic induced a global recession, causing capital markets around the world […]