Assets under management at Eaton Vance were $199 billion at the end of the July, 15 per cent higher than a year earlier but 2 per cent lower than at the end of April, the company said in its latest financial results.

The adjusted operating income of $128.4 million for the three months ended 31 July, the firm’s third quarter, was up 36 per cent from $94.7 million for the same period last year. It is the highest quarterly adjusted operating income in its history, which started in 1924, Eaton Vance said.

The company also recorded net inflows of $1.9 billion into long-term funds and separate accounts, compared to $4.8 billion in the third quarter last year, and $2.9 billion in the previous quarter this year.

Revenue rose by some 20 per cent to $327.3 million, up from $273.1 million in the third quarter in 2010.