 In 1931, he became the president and director of the company.During its course of existence, the company formed several funds, including the Growth Fund in 1962; it invested primarily in common stocks of companies that enjoyed aggressive growth.In 1979, the firm was bought by Vance Sanders & Company and became Eaton & Howard, Vance Sanders Inc. Two years later, on February 20, 1981, Eaton Vance Corporation was established as a holding company.