Markets

6-year courtships, misplaced briefcases, and ‘damned frustrating’ vacancies: How Evercore assembled a dealmaking A-team and started challenging Goldman Sachs and JPMorgan

Since Ralph Schlosstein joined it almost exactly 10 years ago, the independent investment bank Evercore has produced a nearly 600% total return and grown its advisory revenue to $US1.74 billion from $US180 million. No publicly traded competitor – bulge bracket or boutique – beats Evercore’s performance over the past decade. […]
6-year courtships, misplaced briefcases, and ‘damned frustrating’ vacancies: How Evercore assembled a dealmaking A-team and started challenging Goldman Sachs and JPMorgan
US

How a successful investment banker used insider information to bankroll his mistress and child

VIDEO: Frank "Perk" Hixon Jr. was a Senior Managing Director at Evercore Partners until an insider trading scandal derailed his career. While he was still at the investment bank, Hixon Jr. had access to non-public information about his firm's earnings and the sale of two companies that Evercore was involved in. Accounts belonging to his father and his mistress netted over $700,000 from trades tied to these deals and announcements.
How a successful investment banker used insider information to bankroll his mistress and child