Jefferies’ fund caught up in the collapse of auto parts maker First Brands is separate from its investment banking business, its top executives said at the bank’s investor day.
“The Point Bonita fund in asset management sits absolutely separate, distinct and apart from whatever happens in investment banking. Kind of Chinese Wall 101,” Jefferies President Brian Friedman said at the event held on Thursday.
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Source: Reuters | Published: 2025-10-17T10:41:19Z
Credit: Reuters
