Leucadia National Corporation, through its subsidiary, Jefferies Group LLC, primarily operates in the investment banking and capital markets sector. Leucadia National Corporation also owns and holds investments in various other businesses, including beef processing, manufacturing, energy projects, asset management, and real estate. It offers equities research, sales, and trading services; financing, securities lending, and other prime brokerage services; wealth management services; fixed income sales and trading services; futures, foreign exchange, and commodities trading services; and equity and debt capital markets services, as well as provides mergers and acquisition, and restructuring and recapitalization services in the Americas, Europe, and Asia. The company also processes, packages, and markets boxed beef, ground beef, hides, tallow, and other beef and beef by-products; and owns and operates 26 automobile dealerships. In addition, it manufactures, remanufactures, and distributes dimension lumber, home center boards, and pine decking products; and manufactures and markets lightweight plastic netting used in building and construction, erosion and sediment control, packaging, agricultural, carpet padding, filtration, consumer products, and other purposes. Further, it acquires producing and undeveloped oil and gas exploration and development properties in North Dakota and Montana, as well as leases and develops oil and gas properties in Texas and Oklahoma. Additionally, the company provides investment management services to pension funds, insurance companies, and other institutional investors; and develops and owns residential and commercial real estate properties. Leucadia National Corporation was founded in 1968 and is based in New York, New York.