A little-known 1987 federal law is driving a Boston investment company to consider divesting its trust subsidiary.

Eaton Vance Corp., a $456 million-asset mutual fund manager, is exploring a spinoff of its 77.3% ownership in Investors Bank and Trust Company to Eaton's shareholders.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.