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Bank’s Petershill Partners unit reaches deal that values investment firm at more than $1bn
Assets have dwindled from $4.5bn three years ago to $1bn today
Adjusted earnings expected to be at top end of expectations
The stock has performed particularly poorly in a weakening sector
Scant details about alternative asset manager’s activity will blunt appetite for the business
Bank’s alternative asset portfolio achieves £4bn market cap at boom time for private equity industry
Petershill Partners announces plans for initial public offering
Alternative asset managers prize permanent capital and the stock market is a good supplier
Alternative assets portfolio lined up for London listing amid global private equity boom
International Edition