<b>Epoch-breaking events</b>

January 01, 1999

• Email
• LinkedIn
• X
• Facebook
• Show more sharing options

• Copy Link URLCopied!
• Print
• Email
• LinkedIn
• X
• Facebook

Headline: Epoch-breaking events Source: Euromoney Date: August 2001 Author: Antony Currie Goldman Sachs has acquired useful data-mining technology and a potentially lucrative distribution agreement with online retail brokers TD Waterhouse and Charles Schwab. The irony is that these are the viable remnants of a venture that was designed to cut into the equity origination and distribution business of the likes of Goldman. Antony Currie reports on the rapid rise and fall of Epoch Partners, a great idea whose execution was predicated on a persistent bull market It wasn’t meant to end like this. In fact, it wasn’t meant to end at all. Epoch Partners was supposed to open up access to share offerings for retail investors and smaller institutional investors. Its investors included three of the largest US online retail brokerages looking for better access to deal flow, and three of the most aggressive venture-capital firms determined to have a greater say in when and how their investments went public. It was a marriage of two constituencies that had played a big part in driving the boom in the US economy during the latter half of the 1990s.

To unlock this article

Register for a free trial Already registered? Login now

Topics

Banking