Throughout 2001 asset management firms have been developing or expanding their managed account platforms in a number of ways. In July, Eaton Vance agreed to buy 80% of Fox Asset Management for $62 million in an effort to broaden the company's managed account product line. Last month, New York Life Investment Management acquired QED Investments LLC, which gives the firm an additional $650 million in assets under management, but more importantly, a developed managed account product line.

Also last month, Lincoln Financial Distributor increased from six to 24 the number of salespeople promoting Delaware Investments' managed account products.

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