Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2015

Variable Interest Entities [Abstract]

Assets And Liabilities Of Consolidated VIEs


	Securitization Vehicles
		March 31,		December 31,
		2015		2014
		(In millions)

Cash	$	.4	$	.5
Financial instruments owned		65.6		62.7
Securities purchased under agreement to resell (1)		795.4		575.2
Other		97.2		107.1
Total assets	$	958.6	$	745.5

Other secured financings (2)	$	950.4	$	737.0
Other		8.2		8.5
Total liabilities	$	958.6	$	745.5

(1) Securities purchased under agreement to resell represent an amount due under a collateralized transaction on a related consolidated entity, which is eliminated in consolidation.

(2) Approximately $5.6 million and $39.7 million of the secured financing represents an amount held by Jefferies in inventory and eliminated in consolidation at March 31, 2015 and December 31, 2014, respectively.

Non-Consolidated Variable Interest Entities


	Variable Interests
		Financial Statement		Maximum
		Carrying Amount (3)		Exposure to Loss		VIE Assets
		Assets
	(In millions)

March 31, 2015
Collateralized loan obligations	$	75.4	$	817.9	$	8,125.2
Consumer loan financing vehicles		175.3		758.8		411.6
Asset management vehicles ⁽¹⁾		6.0		6.0		199.6
Private equity vehicles ⁽²⁾		23.7		48.3		70.8
Total	$	280.4	$	1,631.0	$	8,807.2

December 31, 2014
Collateralized loan obligations	$	134.0	$	926.9	$	7,737.1
Consumer loan financing vehicles		170.6		797.8		485.2
Asset management vehicles ⁽¹⁾		11.3		11.3		432.3
Private equity vehicles ⁽²⁾		44.3		59.2		92.8
Total	$	360.2	$	1,795.2	$	8,747.4

(1) Assets consist of equity interests, which are included within Investments in managed funds, and accrued management and performance fees, which are included in Receivables.

(2) Assets consist of equity interests, which are included in Investment in managed funds.

(3) There were no significant liabilities at March 31, 2015 and December 31, 2014.