Leucadia Asset Management Announces Strategic Relationship with ISO-mts Capital Management
04 October 2022 - 12:00AM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221003005314/en/
Media Inquiries:
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
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