This is the

is exchanges at Goldman Sachs where we discuss developments currently shaping markets,

industries, and the global economy.

I'm Jake Stewart, Global Head of Corporate Communications here at the firm.

Today we're going to talk about the state of the hedge fund industry, and to do that we're joined

by Diana Dyckman and Freddie Parker from our global

markets division. Diana and Freddie and their Prime Services team

recently put out a report that surveyed nearly 450 hedge funds and

allocators to hedge funds, investors and hedge funds that is, to understand

current sentiment, how they're navigating the volatility of the past year and what they're thinking

about the future.

Welcome, Diana and Freddie, the program.

Thanks, Jake.

Thanks, Jake.

All right.

Just to start off, give us a sense of who participate in the report and who are the main people that you're talking to?

Absolutely. So this report is an annual publication that's really one of the

flagship content pieces to be put out in the prime business and it aims to get a broad

sense of the overall status of the industry and as such we try and get a really wide

cross-section of participants. So we surveyed and interviewed nearly 450 hedge fund allocators

across a variety of channels so within there we have pensions, endowments,

sovereign wealth funds, family offices and so on. Collectively they account for

...