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Leucadia Asset Management Announces Strategic Relationship with ISO-mts Capital Management
Rhea-AI Impact
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Rhea-AI Summary
Leucadia Asset Management, part of Jefferies Financial Group (NYSE: JEF), has entered a strategic partnership with ISO-mts Capital Management, a new credit long/short investment firm. This relationship involves Leucadia investing long-term capital into ISO-mts' bank credit-related strategy, which aims to deliver superior risk-adjusted returns through investments in bank credit instruments. Co-led by seasoned professionals Justin D’Ercole and Paul Feidelson, ISO-mts is positioned for growth with Leucadia's backing, enhancing its market differentiation.
Positive
Leucadia's investment in ISO-mts signifies confidence in a promising credit-related strategy.
ISO-mts aims to capture superior risk-adjusted returns via bank credit instruments.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Leucadia Asset Management, the asset management division of Jefferies Financial Group Inc. (NYSE: JEF), today announced that it has entered into a strategic relationship with ISO-mts Capital Management LP (“ISO-mts”), a newly-formed credit long/short investment firm. In connection with the transaction, Leucadia Asset Management will invest long-term capital into ISO-mts’ bank credit-related strategy.
Co-led by Justin D’Ercole and Paul Feidelson, ISO-mts’ investment objective is to generate superior risk-adjusted returns by investing primarily in bank credit-related instruments (i.e., the four levels of securities banks issue across a dynamic capital stack, including senior bank securities, covered bond securities, senior holding company securities, tier two securities, and preferred/additional tier 1 securities).
“Justin D’Ercole and Paul Feidelson bring decades of public and private market intelligence to this niche, but scalable, asset class. Our strategic relationship will differentiate ISO-mts in the marketplace and support its ability to scale efficiently to achieve long-term success,” said Nick Daraviras and Sol Kumin, Co-Presidents of Leucadia Asset Management.
“Our strategic relationship with Leucadia Asset Management is transformational for ISO-mts. Leucadia Asset Management’s experience, insights, resources, and vision will allow our people and business realize their full potential. Their confidence in ISO-mts validates our investment strategy and positions us on the right growth trajectory,” said Justin D’Ercole and Paul Feidelson, the founding partners of ISO-mts.
About Leucadia Asset Management
Leucadia Asset Management offers institutional clients an innovative range of investment strategies through its affiliated asset managers. Leucadia Asset Management is a division of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.
About ISO-mts Capital Management
ISO-mts is a privately-held investment firm that focuses on bank capital. It is co-led by Justin D’Ercole and Paul Feidelson. Justin D’Ercole was a Managing Director and Co-Head of Global Debt Syndicate at Barclays where he led a team that advised, structured, and distributed more than $100 billion of bank securities annually and served as Barclays’ primary syndicate relationship with over 25 banks in the U.S., U.K., France, Spain, Italy, Sweden, Germany, Japan, and The Netherlands. Paul Feidelson has over 25 years of experience in Fixed Income Trading and Origination. For the past seven years, Paul was responsible for Mizuho Securities short-term investment grade credit origination business. Justin and Paul are joined by Joann Petrossian, Managing Director, Head of Investor Relations, and Amy Hazelton, Managing Director, Portfolio Manager. Justin, Paul, Joann, and Amy were all former colleagues at Lehman Brothers Inc.
Leucadia Asset Management / Jefferies Financial Group Jonathan Freedman 212-778-8913
mediacontact@jefferies.com
ISO-mts Capital Management LP Joann Petrossian, Head of Investor Relations
203-351-332
info@iso-mts.com
Source: Leucadia Asset Management
FAQ
What is the relationship between Jefferies Financial Group (NYSE: JEF) and ISO-mts Capital Management?
Jefferies Financial Group's asset management division, Leucadia Asset Management, has formed a strategic relationship with ISO-mts Capital Management, investing capital into its bank credit-related strategy.
What is ISO-mts Capital Management's investment focus?
ISO-mts Capital Management focuses on bank credit-related instruments, including senior and tier two securities.
Who leads ISO-mts Capital Management?
ISO-mts is co-led by Justin D’Ercole and Paul Feidelson, who have decades of experience in public and private markets.
How does Leucadia's investment benefit ISO-mts?
Leucadia's investment provides ISO-mts with the necessary resources and market insights to pursue its growth trajectory effectively.
