[{"@context":"http:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/wiki.edu.vn\/en\/wiki40\/jefferies-financial-group-wikipedia\/#BlogPosting","mainEntityOfPage":"https:\/\/wiki.edu.vn\/en\/wiki40\/jefferies-financial-group-wikipedia\/","headline":"Jefferies Financial Group – Wikipedia","name":"Jefferies Financial Group – Wikipedia","description":"American financial services company Jefferies Financial Group Inc. is an American financial services company based in New York City and","datePublished":"2016-05-15","dateModified":"2016-05-15","author":{"@type":"Person","@id":"https:\/\/wiki.edu.vn\/en\/wiki40\/author\/lordneo\/#Person","name":"lordneo","url":"https:\/\/wiki.edu.vn\/en\/wiki40\/author\/lordneo\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/c9645c498c9701c88b89b8537773dd7c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c9645c498c9701c88b89b8537773dd7c?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Enzyklop\u00e4die","logo":{"@type":"ImageObject","@id":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","url":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","url":"https:\/\/wiki.edu.vn\/wiki4\/wp-content\/uploads\/2023\/08\/download.jpg","width":100,"height":100},"url":"https:\/\/wiki.edu.vn\/en\/wiki40\/jefferies-financial-group-wikipedia\/","about":["Wiki"],"wordCount":4913,"articleBody":"American financial services companyJefferies Financial Group Inc. is an American financial services company based in New York City and listed on the Fortune 1000.[4][5][6]Table of ContentsInvestments[edit]Financial Services[edit]Others[edit]History[edit]References[edit]External links[edit]Investments[edit]The company’s major holdings are as follows:[2]Financial Services[edit]Jefferies Group (100%) – investment banking & capital marketsBerkadia Commercial Mortgage (50\/50 joint venture with Berkshire Hathaway) – commercial mortgage banking, investment sales and servicingHomeFed (65% ownership) – Builder of Master Planned Communities, Income Properties, Land HoldingsFXCM (49.9%) – online foreign exchange tradingFoursight Capital (100%) – vehicle financeOthers[edit]HRG Group (23%) – insurance and consumer productsVitesse Energy (96%) – oil and gas exploration and developmentJuneau Energy (98%) – oil and gas exploration and developmentGarcadia Holdings (75%, Joint venture with Ken Garff Automotive Group) – automobile dealershipsLinkem (57%) – fixed wireless broadband servicesGolden Queen (35%) – a gold and silver mining projectIdaho Timber (100%) – manufacturingNational Beef Packing Company (79%) – food producerHistory[edit]In 1970, Ian Cumming and Joseph S. Steinberg both graduated in from Harvard Business School and went to work for Carl Marks & Company, an investment bank.[7]In 1979, they gained control of Talcott National Corporation, sold the James Talcott Factors division, and, in 1980, they renamed the company Leucadia.[7]In 1984, the company made a $61 million profit on its $77 million investment in Avco Corporation by forcing the sale of the company to Textron.[7]In 1991, the company acquired insurer Colonial Penn from Florida Power & Light for $150 million.[8]In 1997, the company sold the life insurance division of Colonial Penn to Conseco for $460 million[9] and sold the auto insurance division of Colonial Penn to GE Capital for $950 million.[10]In 1998, the company sold Charter National Life Insurance and Intramerica Life Insurance to Allstate.[11]In 2002, the company received a 44% stake in WilTel Communications Group as a result of a bankruptcy reorganization.[12]In May 2003, the company made an offer to acquire the remaining shares of WilTel Communications Group that it did not already own.[13]In August 2003, after increasing its offer, the company acquired the remaining shares of  WilTel Communications Group.[14]In September 2003, the company acquired RehabWorks.[15]In January 2004, the company financed Pershing Square Capital Management, a hedge fund managed by Bill Ackman.[16]In July 2004, the company sought, but failed, to buy a controlling stake in MCI Communications.[17][18] In September 2004, the company sold its stake in MCI for a $20 million profit.[19]In 2005, the company sold WilTel Communications Group to Level 3 Communications for a $180 million profit.[20]In 2007, the company acquired ResortQuest International from Gaylord Hotels for $35 million.[21]In 2009, the company entered into a 50\/50 joint venture with Berkshire Hathaway called Berkadia, which acquired the North American loan origination and servicing business of Capmark Financial Group.[22]In 2010, the company sold ResortQuest International to Wyndham Worldwide for $56 million in cash.[23]In 2011, the company acquired a 79% interest in National Beef Packing Company for $867.9 million.[24][25]In 2012, the company proposed building a $3 billion syngas facility in south Chicago to convert coal and petroleum waste into natural gas; however, the plant never received legislative approval.[26]In 2013, the company merged with Jefferies Group and Richard Handler became chief executive officer of the company.[27]In 2015, the company made an investment in FXCM after FXCM suffered losses due to the appreciation of the Swiss Franc.[28]In 2016, the company restructured its investment in FXCM.[29]In May 2018, the company was renamed Jefferies Financial Group.[4][5]References[edit]^ “Leucadia National Corporation Changes Name to Jefferies Financial Group Inc”. www.businesswire.com. May 23, 2018. Retrieved August 8, 2020.^ a b Leucadia National Corporation 2017 Form 10-K Annual Report^ “Jefferies Financial Group Inc. 2022 Annual Report (Form 10-K)”. U.S. Securities and Exchange Commission. January 27, 2023.^ a b Prang, Allison (April 9, 2018). “Leucadia to Focus More on Financial Business”. Wall Street Journal. ISSN\u00a00099-9660. Retrieved July 2, 2018.^ a b “BRIEF-Leucadia National Corp Changes Name To Jefferies Financial Group Inc”. Reuters. May 23, 2018. Retrieved May 28, 2018.^ “Fortune 500 Companies 2019: Who Made the List”. Fortune. Retrieved September 25, 2019.^ a b c CRUDELE, JOHN (May 25, 1985). “LEUCADIA: SUCCESSFUL LONER”. The New York Times.^ KOLODY, TRACY (April 6, 1991). “Fpl Group Finds Buyer For Insurer Colonial Penn Brings In $150 Million”. Sun-Sentinel.^ “Conseco Planning to Acquire Colonial Penn”. The New York Times. Bloomberg News. May 1, 1997.^ “GE Capital to Buy Colonial Penn”. Los Angeles Times. Reuters. July 1, 1997.^ “Allstate to buy 2 Leucadia companies”. Deseret News. Bloomberg News. December 22, 1998.^ “Williams Communications emerges from bankruptcy as WilTel”. American City Business Journals. October 16, 2002.^ “Leucadia National Corporation Proposes to Acquire WilTel Communications Group, Inc. Common Stock” (Press release). Business Wire. May 15, 2003.^ “Hardware: Leucadia To Acquire Remainder Of Wiltel”. The New York Times. Bloomberg News. August 13, 2003.^ George, John (September 29, 2003). “Leucadia National buys RehabWorks”. American City Business Journals.^ Swarts, Will (January 12, 2004). “Gotham Partners’ Ackman Back in Hedge Fund Game”. TheStreet.com.^ BELSON, KEN (July 13, 2004). “Leucadia Seeks to Buy Controlling Stake in MCI”. The New York Times.^ Tharp, Paul (July 13, 2004). “LEUCADIA EYES MCI TAKEOVER”. The New York Post.^ Stern, Christopher (September 28, 2004). “Declared Suitor Sells Its Stake In MCI”. The Washington Post.^ “Leucadia National Corporation Completes Sale of WilTel Communications Group, LLC to Level 3 Communications, Inc” (Press release). Business Wire. December 23, 2005.^ “Gaylord Sells Mainland ResortQuest Business”. Hotel Business Review. June 5, 2007.^ “Berkadia Commercial Mortgage LLC Completes Acquisition of Capmark’s North American Loan Origination and Servicing Business” (Press release). Business Wire. December 11, 2009.^ “Wyndham to buy ResortQuest for $56 million”. Bloomberg News. NJ.com. September 22, 2010.^ “Leucadia National Corporation Announces Agreement to Acquire Control of National Beef and Declares $0.25 Per Share Cash Dividend” (Press release). Business Wire. December 5, 2011.^ Hawleyt, Brenna (December 6, 2011). “National Beef owners reach $867.9M deal to sell majority stake to Leucadia”. American City Business Journals.^ Murtaugh, Dan (January 12, 2012). “Illinois ruling hurts Leucadia synthetic gas proposal”. The Birmingham News.^ “Leucadia National Corporation and Jefferies Group, Inc. Merger to Be Effective March 1, 2013” (Press release). Business Wire. February 28, 2013.^ Stone, Mike; Chavez-Dreyfuss, Gertrude; Toonkel, Jessica (January 16, 2015). “FX broker FXCM gets rescue from Jefferies parent Leucadia”. Reuters.^ “Leucadia and FXCM Complete Long-Term Partnership Agreement” (Press release). GlobeNewswire. September 1, 2016.External links[edit]Official websiteBusiness data for Jefferies Financial Group: "},{"@context":"http:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https:\/\/wiki.edu.vn\/en\/wiki40\/#breadcrumbitem","name":"Enzyklop\u00e4die"}},{"@type":"ListItem","position":2,"item":{"@id":"https:\/\/wiki.edu.vn\/en\/wiki40\/jefferies-financial-group-wikipedia\/#breadcrumbitem","name":"Jefferies Financial Group – Wikipedia"}}]}]