Strong Operating Performance Lifted Jefferies Financial Group (JEF) in Q3

Investment management company First Pacific Advisors recently released its “The FPA Crescent Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, the fund gained 3.70% and 21.27% in the trailing twelve months. Crescent’s net risk exposure stands at 68.5% at the end of the quarter, reflecting a decrease of about four percentage points compared to the same time last year. In addition, you can check the top 5 holdings of the fund to...