SEATTLE, Feb. 4, 2021 /PRNewswire/ — Parametric Portfolio Associates LLC (Parametric), a subsidiary of Eaton Vance Corp. (NYSE: EV) and the main SMA supervisor1, at present introduced the launch of the Parametric Range Fellowship for Quantitative Funding Expertise on the College of Washington (UW) and College of Minnesota (UMN). The fellowships exhibit Parametric’s deep dedication to range, fairness and inclusion within the finance career by supporting and advancing future business leaders. Candidates are at present being searched for the 2021-22 tutorial yr.
“We acknowledge that efficiently serving our shoppers and offering the caliber of funding insights they’ve come to count on from us requires teamwork of pros who symbolize numerous views, backgrounds and experiences,” mentioned Thomas Lee, CFA, Chief Funding Officer, Equities and Derivatives. “The brand new fellowship program deepens our already sturdy relationships with the College of Washington and College of Minnesota, and expands our efforts to raise range and fairness within the quantitative finance career.”
The Parametric Range Fellowship for Quantitative Funding Expertise has a selected concentrate on college students with demonstrated monetary want who’ve evidenced a dedication to range, fairness and inclusion. The first elements are outlined under.
Fellowship at UW Computational Finance and Danger Administration (CFRM) Grasp program.
- Annual tuition help for 2 graduate college students in the course of the two-year grasp program, with an identical tuition waiver from UW for the opposite half of tuition, in addition to a waiver to use for in-state tuition to out-of-state college students.
- Annual dwelling expense stipends for 2 graduate college students.
- Detailed data is on the market on University of Washington’s Computational Finance & Risk Management’s website.
Fellowship at UMN Mathematical Finance Grasp (MFM) program.
- Annual tuition help to cowl tuition for 2 graduate college students, with a waiver to use in-state tuition to out-of-state college students. The quantity will range relying on the supply of privately-funded fellowships.
- Annual dwelling expense stipend for 2 graduate college students. This quantity will range relying on the supply of different fellowships to assist tuition.
- Detailed data is on the market on University of Minnesota’s Minnesota Center for Financial and Actuarial Mathematics website.
“We’re dedicated to cultivating a various office that frequently promotes alternatives for all. By partnering with tutorial establishments, Parametric can prolong its attain in recruiting numerous candidates,” mentioned Paul Bouchey, International Head of Analysis at Parametric. “With COVID-19, the ensuing financial disaster and systemic racism disproportionally affecting college students from underrepresented populations, fellowships supporting college students with altering and assorted wants are as vital as ever.”
Each packages are concerned with the Math Alliance, a company that’s targeted on ensuring that each underrepresented or underserved American scholar with the expertise and the ambition has the chance to earn a graduate diploma in a mathematical science. By means of the Math Alliance and different conferences, the packages are capable of recruit African American, Latino, and Native American college students with curiosity within the STEM fields. By having company companions, the packages can exhibit the worth of a graduate diploma and supply a path to achievement for these college students.
Parametric makes use of funding science to construct and handle systematic funding methods and to implement customized portfolio options offering shoppers with focused funding exposures with management of prices and taxes. Based mostly on ideas of mental rigor, ingenuity and transparency, Parametric seeks to ship repeatable consumer outcomes with constantly excessive ranges of service and most effectivity. As of December 31, 2020, Parametric managed $355.Four billion in belongings on behalf of establishments, high-net-worth people and fund traders. Headquartered in Seattle, Parametric additionally has places of work in Minneapolis, New York, Boston and Westport, Connecticut. For extra data, go to parametricportfolio.com.
About Eaton Vance
Eaton Vance Corp. supplies superior funding methods and wealth administration options to forward-thinking traders around the globe. By means of principal funding associates Eaton Vance Administration, Parametric, Atlanta Capital, Calvert and Hexavest, the corporate affords a range of funding approaches, encompassing bottom-up and top-down elementary energetic administration, accountable investing, systematic investing and customised implementation of client-specified portfolio exposures. As of December 31, 2020, Eaton Vance had consolidated belongings beneath administration of $583.1 billion. Exemplary service, well timed innovation and engaging returns throughout market cycles have been hallmarks of Eaton Vance since 1924. For extra data, go to eatonvance.com.
1 Supply: Cerulli Associates and Cash Administration Institute’s Advisory Options Quarterly, December 2020. Web page 10.
SOURCE Parametric Portfolio Associates LLC
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