Jefferies said that its exposure to the bankruptcy of First Brands Group is limited. Through Point Bonita Capital under Leucadia Asset Management, Jefferies holds a small stake in a $3 billion trade-finance portfolio that includes about $715 million of receivables linked to First Brands, whose remittances stopped in mid-September amid investigations into possible double factoring. Jefferies also disclosed that its Apex Credit Partners unit manages CLOs holding roughly $48 million of First Brands term loans, about 1 percent of its CLO assets, and confirmed it owns no other First Brands securities.