Related Party Transactions (Tables)

6 Months Ended

May 31, 2019

Related Party Transactions [Abstract]

Summary of Interest Income, Other Revenues and Investment Income Attributable to Related Party Private Equity Funds

The following table presents revenues and service charges related to our investment in Private Equity Related Funds (in thousands):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2019		2018		2019			2018
Other revenues and investment income (loss)	$	4,022	$	2,981	$	(97	)	$	10,003
Service charges	79		67		153			120

Schedule of related party transactions

We provide services to and receive services from Jefferies under service agreements. We also receive revenues from Jefferies under a revenue sharing agreement (in millions):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2019		2018		2019		2018
Charges to Jefferies for services provided	$	9.6	$	14.1	$	26.1	$	30.3
Charges from Jefferies for services received	0.6		2.3		1.3		4.7

• We provide capital markets and asset management services to Jefferies and its affiliates. The following table presents the revenues earned by type of services provided (in millions):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2019		2018		2019		2018
Investment banking	$	7.9	$	—	$	7.9	$	—
Commissions and other fees	0.1		0.4		0.3		0.4
Principal transactions	—		—		—		0.1
Other revenues	0.4		0.2		0.9		0.4

• Receivables from and payables to Jefferies, included in Other assets and Accrued expenses and other liabilities, respectively, in our Consolidated Statements of Financial Condition:

	May 31,   2019		November 30, 2018
Receivable from Jefferies	$	0.6	$	1.2
Payable to Jefferies	3.7		2.9

Net gains on our investments in these hedge funds, which are included in Principal transactions revenues in our Consolidated Statements of Earnings (in millions):

	Three Months Ended   May 31,				Six Months Ended   May 31,
	2019		2018		2019		2018
Net gains on our investments	$	1.3	$	0.8	$	2.3	$	4.5