Sales Success Of The Year: Michael Mach, Judy Sarayan, Walter Row and Michael Allison, portfolio managers, and Bill Gillen, national sales director, Eaton Vance's Tax-Managed Global Diversified Equity Income Fund

- 03/06/2008

Michael Mach, Judy Sarayan, Walter Row and Michael Allison

Launched in February, the $5.5 billion initial public offering of this fund not only smashed the record for closed-end fund IPOs--beating Alpine Woods Capital Investors' $3.5 billion IPO of its Total Dynamic Dividend Fund, set one month earlier--but was at the time the third-largest IPO in U.S. corporate history.

Bill Gillen

The fund benefited from a portfolio approach that met market demand for both income and international strategies and a climate that was receptive to closed-end launches. But the scale of its success owed much to Gillen's wholesaling team, which has led the industry in closed-end fund sales in the past five years. Most notably, the team managed for the first time to secure all six leading underwriters--AG Edwards, Wachovia Securities, Citigroup, Merrill Lynch, Morgan Stanley and UBS--on a single Eaton Vance closed-end IPO.

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