Jefferies Financial Group Inc. · NYSE:JEF
Jefferies Financial — Q2 2019 Earnings Presentation
11 slides from Jefferies Financial's earnings presentation, June 2019
Slide 1: Construction Zone | Asset Allocation for the Next Decade
Construction Zone | Asset Allocation for the Next Decade Q2 2019 Jefferies Prime Brokerage | Capital Intelligence
Slide 2: Overview
Overview Decision makers at diverse allocators across the industry seem to be making a synchronized reach for their chisels and aiming them at the most foundational processes of their work: their asset allocation models. In 2H2018-1H2019, the Jefferies Capital Intelligence Team surveyed over 50 allo
Slide 3: Understanding Infrastructure: Asset Allocation from the Top Down
Construction Zone | Understanding Infrastructure: Asset Allocation from the Top Down Fundamentally, the objectives for asset allocation vary widely: from capital preservation, capital growth, diversification, meeting annual spend requirements, matching assets with liabilities, or some combination of
Slide 4: Precision Fitting: Hedge Funds and How They Function in Portfolios
Construction Zone: Precision Fitting: Hedge Funds and How They Function in Portfolios Despite witnessing redemptions and muted performance during the volatile environment at the end of 2018—which served as the backdrop for a substantial portion of research for this project—most investors hold steady
Slide 5: Digging Deeper: What Counts as a Hedge Fund and What is its Purpose?
Construction Zone: Digging Deeper: What Counts as a “Hedge Fund” and What is its Purpose? Given the overwhelming positive sentiment we heard about alternatives, we wanted to dig deeper into what allocators are talking about when they discuss hedge fund strategies. Could it be that when one described
Slide 6: Benchmarking Performance
Construction Zone: Benchmarking Performance The role of benchmarking in portfolio construction is intertwined with the concepts of performance, target returns, and payouts. Put simply, “benchmarking” is the process by which an investment team compares their portfolio’s returns to those of a chosen i
Slide 7: The Shifting Relationship with Consultants
Construction Zone: The Shifting Relationship with Consultants We noted a vast diversity in the nature of relationships with consultants—which is also to say that we have uncovered a considerable shift in our industry in terms of what is standard best practices in terms of how, when, and to what exte
Slide 8: Built to Last Through…Which Storms?
Construction Zone: Built to Last Through…Which Storms? We asked allocators what issues are top of mind as they construct their portfolios and look to allocate assets as strategically as possible to position themselves for success over the next 24 to 36 months. Their answers tended to coalesce around
Slide 9: Asset Allocation on a Regional Basis
Construction Zone: Asset Allocation on a Regional Basis One thing is clear: in 2019, allocators are turning their focus out of the United States and searching for returns elsewhere in the world. While some allocators are motivated to expand their global exposure to fill country-specific sub-buckets
Slide 10: Speed Round: Popularity of Various Instruments in Portfolio Construction
Speed Round: Popularity of Various Instruments in Portfolio Construction Process We’ll close our deck how we closed our conversations with allocators: with a speed round. We asked allocators whether or not they invested in, looked at, or had interest in a variety of opportunities and strategies that
Slide 11: Disclaimer
Disclaimer Disclaimer THIS MESSAGE CONTAINS INSUFFICIENT INFORMATION TO MAKE AN INVESTMENT DECISION. Please contact your Jefferies representative for copies of the most recent research reports on individual companies. This is not a product of Jefferies' Research Department, and it should not be rega
Jefferies Financial Group — Q2 2019 Earnings Presentation on 6ix