The Federal Reserve Bank of New York is conducting a pilot survey of market participants (pilot) to better understand the expectations of active investment decision makers. As such, participants in the pilot will be comprised of a subset of members of the following New York Fed advisory and sponsored groups:
Investor Advisory Committee on Financial Markets »
Foreign Exchange Committee »
Treasury Market Practices Group »
Buyside General Counsel Committee »
Pilot surveys consist of a subset of questions taken directly from the Survey of Primary Dealers (SPD) and will be posted on the New York Fed website concurrent with the SPD.
The pilot is initially expected to run for one year. After this initial period, the New York Fed will decide whether to continue the survey on a permanent basis.
Participation in the pilot is voluntary and participating firms are listed below. This list will be updated if the composition of participants changes.
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Participants
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Apollo Management L.P.
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Guggenheim Partners
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Appaloosa Management L.P.
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J.P. Morgan Asset Management
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Bessemer Investment Management
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Kynikos Associates
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BlackRock, Inc.
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Mellon Capital
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BlueMountain Capital Management, LLC
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Microsoft Corporation
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Brevan Howard
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Millennium Management, LLC
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BTG Pactual
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Moore Capital Management LLC
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Citadel LLC
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NWI Management
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Cowen Group, Inc.
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Oppenheimer Funds
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Credit Suisse Group
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QFR Capital Management
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D. E. Shaw & Co., L.P.
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Teacher Retirement System of Texas
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Fischer Francis Trees & Watts
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Tudor Investment Corporation
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Fortress Investment Group LLC
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Vanguard
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General Electric Company
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Wellington Management
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Graham Capital Management
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Surveys
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Date
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2014
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December
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October
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September
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July
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June
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April
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March*
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January
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*Results include subsequent updates from market participants on select survey questions. Market participants' updated responses are included in the appendix.
