Jefferies Group, Inc., together with its subsidiaries, operates as a securities and investment banking company in the Americas, Europe, Asia, and the Middle East. It operates in two segments, Capital Markets and Asset Management. The Capital Markets segment engages in securities execution operations consisting of sales, trading, and research in equities, equity derivatives, convertible securities, and fixed income securities, including corporate bonds, the U.S. government and agency securities, repo finance, mortgage-and asset-backed securities, municipal bonds, and loans and markets debt. This segment also provides brokerage and investment banking services, which comprise direct placements, private equity, private placements initial public offerings, and follow-on offerings of equity and equity-linked convertible securities; debt financing for companies and financial sponsors; and advisory services to buyers and sellers on sales, divestitures, acquisitions, mergers, tender offers, joint ventures, strategic alliances, and takeover defenses. In addition, it offers advisory services in connection with exchange offers, consent solicitations, capital raising, recapitalization, restructuring, and distressed merger and acquisition activity; and acts as a placement agent for private equity fund sponsors, and for arranging investments. This segment serves investment advisors, banks, mutual funds, insurance companies, hedge funds, and pension and profit sharing plans. The Asset Management segment offers investment management services and products. Its products include private fund products consisting of long-short equity and fixed income funds. This segment serves private investment funds, pension funds, insurance companies, and private banking clients. The company was founded in 1962 and is based in New York, New York.