(Bloomberg) -- An asset manager controlled by a unit of Jefferies Financial Group Inc. sank nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group Inc., the bank disclosed on Wednesday.Point Bonita Capital’s portfolio has about $715 million invested in receivables due by First Brands’ customers including Walmart Inc. and AutoZone Inc., with the auto-parts supplier responsible for directing payments to Point Bonita, Jefferies said in a state ...

Jefferies Financial has disclosed its potential exposure to the now bankrupt First Brands. An asset manager controlled by a unit of Jefferies Financial Group Inc. has about $715 million invested in receivables due by First Brands' customers. Bloomberg's Katherine Doherty reports. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

A fund controlled by a unit of Jefferies Financial Group Inc. sunk nearly a quarter of its $3 billion trade finance portfolio into receivables tied to auto parts supplier First Brands Group Inc. Jefferies’ own investment in that fund along with some First Brands loans it bought brings its total exposure to the now-bankrupt firm to $161 million, the bank disclosed on Wednesday. Most Read from Bloomberg The exposure is mostly through Point Bonita Capital, a division of Jefferies’ Leucadia Asset Management ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Investment bank Jefferies disclosed Wednesday that one of its credit funds has roughly $715 million in exposure linked to bankrupt auto parts supplier First Brands. The exposure represents nearly a quarter of a $3 billion trade finance portfolio managed by Point Bonita Capital, a subsidiary of Jefferies’ Leucadia Asset Management. Not all of the exposure is carried o ...

Jefferies is a leading, global, full-service investment banking and capital markets firm. With 49 offices around the world, we offer insights and expertise to investors, companies and governments. NEW YORK--(BUSINESS WIRE)--In response to inquiries, Jefferies Financial Group, Inc. (NYSE: JEF) ("Jefferies†) announced today: On September 29, 2025, First Brands Group, LLC and certain of its affiliates ("First Brands†) filed voluntary petitions for Chapter 11 bankruptcy protection. First Brands is an afterm ...

A global benchmark of clean energy stocks is outperforming major equity indexes and even gold, as investors respond to soaring demand for renewables needed to power the boom in artificial intelligence.The S&P Global Clean Energy Transition Index has surged close to 50 per cent since US President Donald Trump’s April tariff announcements caused havoc across markets. That compares with the roughly 35 per cent gain delivered by both the S&P 500 Index and gold over the same period.Investors have turned more pos ...

Jefferies Financial Group Inc is gearing up to enter India’s $900 billion asset-management industry, according to people familiar with the matter, joining a growing list of global financial giants seeking to tap one of the world’s fastest-growing major economies. The New York-based firm has signed up Milind Barve, former head of HDFC Asset Management Co, as an adviser to shape its strategy and steer regulatory approvals, the people said, asking not to be identified as the information is private.India’s mutu ...

Core Viewpoint - The Government Pension Investment Fund (GPIF) of Japan is shifting towards impact investing, prompting other pension funds and asset managers to revise their investment strategies to meet the growing demand for such approaches [1][2][6]. Group 1: Impact Investing Adoption - GPIF opened the door to impact strategies in March, leading at least four other Japanese pension funds to update or revise their investment policies [1] - The shift is supported by the Japanese government, which views impact investing as a means to tackle pressing societal challenges, including an aging population and gender inequality [2] Group 2: Economic Implications - GPIF President Kazuto Uchida believes that targeting environmental and social goals through investment will ultimately foster economic and capital market growth [3] - Aniket Shah from Jefferies Financial Group Inc. emphasizes that the measurable real-world effects of impact investing make it potentially more influential than traditional ESG risk screening [3][6] Group 3: Focus Areas for Impact Investing - Expected focus areas for impact investing in Japan include climate, healthcare, wellbeing, and inclusivity, as indicated by Masato Nakamura from GLIN Impact Capital [6] - The initial application of impact strategies is anticipated to be in listed equities [6]

Key Takeaways Jefferies reported adjusted Q3 EPS of $1.05, which beat the Zacks Consensus Estimate of 79 cents.Net revenues climbed 21.6% to $2.05 billion, led by investment banking and capital markets strength.Total non-interest expenses rose 19.9% to $1.72 billion, driven by increases across most cost components.Shares of Jefferies Financial Group (JEF) have declined 3.6% since the announcement of its quarterly results on Sept. 29. Its third-quarter fiscal 2025 (ended Aug. 31) adjusted earnings of $1.05 p ...