Noncontrolling Interests

3 Months Ended

Feb. 28, 2015

Noncontrolling interests represent equity interests in consolidated subsidiaries, comprised primarily of asset management entities and investment vehicles set up for the benefit of our employees that are not attributable, either directly or indirectly, to us (i.e., minority interests). The following table presents noncontrolling interests at February 28, 2015 and November 30, 2014 (in thousands):



	February 28, 2015		November 30, 2014
Global Equity Event Opportunity Fund, LLC (1)	$	34,021	$	33,303
Other	5,698		5,545
Noncontrolling interests	$	39,719	$	38,848


(1)	At February 28, 2015, $26.0 million of the noncontrolling interests are attributed to Leucadia. At November 30, 2014, $25.4 million of the noncontrolling interests are attributed to Leucadia

Noncontrolling ownership interests in consolidated subsidiaries are presented in the accompanying Consolidated Statements of Financial Condition within Equity as a component separate from Member’s equity. Net Earnings in the accompanying Consolidated Statements of Earnings includes earnings attributable to both our equity investor and the noncontrolling interests.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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