(Bloomberg) — The full-court press from Jefferies Financial Group Inc.’s asset-management arm was on in force as it looked to win over Indiana’s $55 billion pension fund.
The firm made top executives available and hosted some of the Indiana Public Retirement System’s senior staff at the bank’s Midtown Manhattan headquarters, part of a bid for partners to “deploy capital alongside Jefferies” and get a hedge fund called 352 Capital off the ground. By early 2021, INPRS, which backs the retirements of teachers, police officers and other public employees, would commit $100 million for bets on consumer asset-backed securities, becoming 352’s largest limited partner.
