Evercore Partners, the US independent investment bank, merger advisory and asset management firm, has reported its first quarterly loss since it went public in 2006, following the global downturn in mergers and acquisitions activity.
Reporting its first quarter results today, New York-based Evercore said it recorded a net loss of nearly $1m (â¬650,000), or 8 cents a share, compared with a profit of $4.2m, or 64 cents a share, in the same period the year before.
