Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Jefferies Reports Trading Loss on One Day in Fourth Quarter

Jefferies Group Inc., the investment bank that agreed to be acquired by Leucadia National Corp., posted a trading loss on one day in the fiscal fourth quarter.

That brought to four the total number of days with losses in the fiscal year ended Nov. 30, New York-based Jefferies said today in its annual filing with the U.S. Securities and Exchange Commission. That compares with 44 days of losses in fiscal 2011, according to that year’s report.

Jefferies’s average daily value-at-risk, a measure of potential trading losses, was $10.7 million for the fiscal year ended Nov. 30, a 2.3 percent decline from 2011, according to today’s filing. The decrease in risk resulted from reduced positions in U.S. and European interest-rate products, Jefferies said. Excluding an investment in Knight Capital Group Inc., average VaR was $8.75 million.

The firm, led by Chief Executive Officer Richard Handler, 51, agreed in November to sell itself to Leucadia, its largest shareholder. The deal will help the investment bank guard against market turmoil, the companies said in a statement at the time.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.