Jefferies Financial Group Inc. [NYSE: JEF] disclosed that its division Leucadia Asset Management has started a strategic partnership with Manteio Capital. As part of the transaction, Leucadia Asset Management will invest long-term capital into Manteio’s offering of systematic strategies.
Both the firms are excited to join hands and work jointly to grow their respective businesses. Jefferies Financial Group Inc contemplates that Leucadia Asset Management provides the institutional backing and reinforces the structure that will allow Leucadia to take its business to the next level.
Jefferies Financial Group Inc. [NYSE: JEF] shares were trading up 1.54% at the time of writing on Wednesday. Jefferies Financial Group Inc’s share price went from a low point around $17.03 to briefly over $37.85 in the past 52 weeks, though shares have since pulled back to $36.21. AESE market cap has remained high, hitting $8.80 billion at the time of writing.
Manteio was co-founded by Peter Christodoulou who is the CEO of the firm. He has established the business in 2020. The CTO & Head of AI Strategies is Justin J. Yang. Michael Cash is the CIO & Head of Liquid Strategies. Mr. Christodoulou has spent 14 years at Credit Suisse Asset Management, where he was most recently Global COO of the Quantitative Trading group before establishing Jefferies Financial Group Inc.