Jefferies Financial Group Inc. · NYSE:JEF
Jefferies Financial — Q2 2018 Earnings Presentation
10 slides from Jefferies Financial's earnings presentation, 2018
Slide 1: Checking the Pulse | A Deep Dive on Healthcare Specialist Funds
Checking the Pulse | A Deep Dive on Healthcare Specialist Funds Q2 2018 Jefferies Prime Brokerage | Capital Intelligence
Slide 2: Overview
Overview In 1Q2018, the Jefferies Capital Intelligence Team interviewed and researched nearly 70 alternatives allocators with active investments in healthcare specialist funds. Specialist, sector or niche searches make up about 40% of allocators’ open and active Equity strategy searches – of which h
Slide 3: Checking the Pulse | Potential Forward Drivers for Healthcare
Checking the Pulse | Potential Forward Drivers for Healthcare The Capital Intelligence team published a white paper in May 2018 which outlines the evolution of healthcare specialist investing. Many allocators report a shift in how they view the sector, given broader demographic, economic and global
Slide 4: Checking the Pulse | Recent Performance of Healthcare Specialists
Checking the Pulse | Recent Performance of Healthcare Specialists The Capital Intelligence team published a white paper in May 2018 which outlines the evolution of healthcare specialist investing. Many allocators report a shift in how they view the sector, given broader demographic, economic and glo
Slide 5: Checking the Pulse: Let's Start With the 'Why?'
Checking the Pulse: Let’s Start With the ‘Why?’ Healthcare is a diverse sector – and we found that there are more dimensions governing the LP / manager relationship for healthcare specialists than many other strategies. At the broadest level, diversity of allocator portfolio objectives leads to dive
Slide 6: Checking the Pulse: Moving to the Who
Checking the Pulse: Moving to the Who The “Who,” as it turns out – is nearly as important to allocators as why. “Who” as in strategy focus (generalist vs. substrategist), and “who” in terms of leveraging advanced technical and scientific expertise. Substrategists in vogue; preference for advanced sc
Slide 7: Checking the Pulse: What…And How Much
Checking the Pulse: What…And How Much Capacity emerged as a material issue for many allocators – with more than 10% reporting a redemption when a manager’s AuM has grown too large. Terms and fees, on the other hand, came up much less…and when they were discussed, fees are headline higher, but alloca
Slide 8: Levers of Alignment: Correct, Accurate or Precise?
Levers of Alignment: Correct, Accurate or Precise? It was clear through our conversations with allocators that there are more levers to align between healthcare specialists and potential LPs, to close the sales cycle, than with certain other strategies. This is in part due to the diversity of the se
Slide 9: What Does This Mean for Me?
What Does This Mean for Me? The Capital Consulting team published a white paper at the start of 2018 which outlines the evolution of the traditional Capital Introductions model in an era of ubiquitous information. Our conclusion is that firms need next generation intelligence – to comb through all t
Slide 10: Disclaimer
Disclaimer Disclaimer Important 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
Jefferies Financial Group — Q2 2018 Earnings Presentation on 6ix