Parametric Portfolio Associates, a subsidiary of Eaton Vance Corp. (EV), and The Clifton Group Investment Management Company announced today the completion of the previously announced purchase of Clifton by Parametric.

Based in Minneapolis, Clifton specializes in providing futures- and options-based overlay services and custom risk management products to institutional investors. As of October 31, Clifton managed $33.5 billion of funded and overlay assets on behalf of its clients.

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