Saturday, July 25, 2009

New York Fed Forms Advisory Group

The Federal Reserve Bank of New York today announced the establishment of the Investor Advisory Committee on Financial Markets (IACFM). The committee will serve as a forum for informal discussions on financial, economic and public policy issues and help inform New York Fed President William C. Dudley and senior management, according to the New York Fed.

The IACFM is currently comprised of 13 leaders in the investment community, and is solely an advisory group with no formal policymaking responsibilities. They are:

-Keith Anderson, CIO, Soros Fund Management LLC
-Nicole Arnaboldi, Vice Chairman of Alternative Investments, Credit Suisse Group
-Louis Bacon, Chairman, CEO and Founder, Moore Capital Management LLC
-William Clark, Director, New Jersey Department of the Treasury, Division of Investment
-Mohamed El-Erian, CEO and Co-CIO, Pacific Investment Management Company
-Garth Friesen, Principal, III Associates
-Gary Glynn, President and CIO, US Steel and Carnegie Pension Fund
-Joshua Harris, Managing Partner, Apollo Advisors LP
-Alan Howard, Director and Co-Founder, Brevan Howard Asset Management LLP
-Glenn Hutchins, Co-CEO and Co-Founder, Silver Lake-Sander Levy, Managing Director, Vestar Capital Partners
-Morgan Stark, Managing Member, Ramius LLC-Thomas Steyer, Senior Managing Member, Farallon Partners LLC

Soros, Pimco et al. just what kind of advice do you think this money focused group is going to give the Fed? Another insider group ready to steer policy to their personal benefit.

No comments:

Post a Comment