Jefferies Financial Group

GIC Seeks Redemption From Jefferies’ Point Bonita Amid First Brands Exposure

Singapore’s sovereign wealth fund GIC is negotiating partial redemption from Jefferies Financial Group’s Point Bonita Capital. The fund faces substantial exposure to bankrupt First Brands Group, raising concerns about trade finance portfolio stability.

In a significant development within global investment circles, Singapore’s GIC sovereign wealth fund has initiated redemption discussions with Jefferies Financial Group Inc. regarding its exposure to Point Bonita Capital. The fund, managed under Jefferies’ Leucadia Asset Management division, faces substantial challenges due to its significant investment in bankrupt First Brands Group, creating ripple effects across the trade finance landscape.

Understanding the Sovereign Wealth Fund Context

by Aaron BlakeOctober 15, 2025November 2, 2025

Business Acquisition Finance

Buy-Side Firms Accelerate Outsourced Trading Adoption as State Street Expands Global Footprint

Major financial institutions are rapidly expanding their outsourced trading operations as asset managers and hedge funds increasingly delegate execution to third-party providers. State Street’s Frankfurt expansion and Marex’s Asian hiring reflect growing demand for cost-effective trading solutions across equities, fixed income, and derivatives.

Outsourced trading is experiencing unprecedented growth as financial institutions including State Street Corporation, Marex Group, and Jefferies Financial Group expand their global operations to meet surging demand from asset managers and hedge funds. This strategic shift comes as buy-side firms seek greater efficiency, cost reduction, and access to specialized execution capabilities across multiple asset classes and geographic regions.