Advisory corps

Of course Evercore Partners is going public. The financial advisory boutique founded by a former Clinton administration Treasury official is about to follow Greenhill and Lazard with its own initial offering. Given the values public market investors have accorded to its two rivals, Evercore is doing the rational thing. Greenhill stock, for example, has doubled since last year’s IPO. And it now trades at a whopping 8.3 times its book value of March. By contrast, Goldman Sachs Group – which has r...