Evercore forms alliance to reboot asset management

Evercore Partners has bought a stake in a firm founded by the former global head of Lehman Brothers Merchant Banking, as analysts expect further acquisitions from the advisory boutique that is aiming to turn around its asset management arm.

Evercore said in a statement yesterday that it had formed a strategic alliance with Trilantic Capital Partners to pursue private equity investment opportunities for Trilantic's current fund; although both firms will maintain their independence.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions