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Jefferies will use trading commissions to do good
Jefferies Group LLC is sponsoring the Jefferies Doing Good Global Trading Day on Feb. 26.
The investment bank and its subsidiaries, which include alternative manager Leucadia Asset Management, will donate to charity 100% of net global trading commissions for all trading in equity, fixed income and foreign exchange by its clients.
The donations will be distributed to accredited charities devoted to advancing diversity and inclusion, improving sustainability and the environment, and supporting COVID-19 relief efforts, the firm said in a news release. As we approach the one-year anniversary of the impact of coronavirus on mankind, we at Jefferies are grateful to be so fortunate, and we are excited to be able to contribute to so many important causes that are dear to our and our client s hearts, CEO Richard B. Handler and President Brian P. Friedman said in a joint statement in the news release.
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Firms are pushing deeper into sustainability as Biden s administration eyes a stronger ESG approach.
The administration has already ushered in wins for climate activists and may finally look to define ESG.
We asked industry insiders how firms were addressing the rise in socially responsible investing.
This story was originally published on February 9, 2021, and has been updated to reflect ESG-related statements the SEC has made since then.
President Joe Biden s administration has already ushered in wins for climate activists, from rejoining the Paris climate agreement to banning oil companies leases on federal land.
It’s been a good 2020 for John Thaler, who decided to stage a comeback in January after shutting down JAT Capital in 2015.
After delivering eye-popping returns so far this year, Thaler’s new firm, Hampton Road Capital Management, is forming a strategic relationship with Leucadia Asset Management, the asset management division of Jefferies Financial Group. Leucadia will invest capital in Hampton Road’s long-short equity strategy, which is focused on technology, media, telecommunications, and consumer sectors globally.
According to an investor letter distributed early Friday and obtained by
Institutional Investor, Hampton Road is up 39.4 percent net year-to-date through December 10. The fund has garnered $250 million in assets under management so far, according to sources.
Hedge Fund and Insider Trading News: John Thaler, Michael Hintze, Daniel Kamensky, Mudrick Capital Management, Elliott Management, Ardelyx Inc (ARDX), Artis Real Estate Investment Trust (ARESF), and More
Nick Pappas, one of the most senior portfolio managers at Michael Hintze’s
CQS, has left the firm to set up his own distressed debt investing fund, according to people with knowledge of the matter. Pappas is planning to partner with Ivelina Green, CQS’s former head of special situations investing, for his new venture, the people said, who asked not to be identified as the matter is private.
Hedge-fund manager
Mudrick Capital Management LP threw a $100 million lifeline to AMC Entertainment Holdings Inc., which warned it still needs a substantial amount of additional liquidity to avert a bankruptcy filing. The world’s largest movie theater chain, which has over a thousand locations world-wide, said Friday that Mudrick committed to supply $100 million in debt financing and w