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January 18, 2000

January 18, 2000
Long/Short Equity Index is Up 11.1% -- Outperforming All Indices Globally

NEW YORK, NY, March 15, 2000
The CSFB/Tremont Hedge Fund Index is up 23.4% for 1999, according to Robert S. Sloan, Chief Executive Officer of Credit Suisse First Boston Tremont Index LLC, creators of the benchmark.
''''The long/short equity funds delivered spectacular returns for their investors all year,'''' said Mr. Sloan. ''''The CSFB/Tremont Long/Short Equity Index is up 47.2% for the year compared with the S&P 500 at 19.5%, the Dow Jones Industrial Index at 25.2%, the MSCI $ World Index at 23.6% and the MSCI EAFE US$ Index at 25.3%.''''
''''M&A activity in 1999 reached unprecedented levels, providing tremendous opportunity for managers,'''' added Nicola Meaden, Director of Tremont Advisers.
The emerging market funds also turned in excellent performance. In fact, the CSFB/Tremont Emerging Market Index outperformed all other indices for the month of December, posting 15.3%, and for the fourth quarter, surging 30.7%. For the year, emerging market funds are up 44.8%.
Performance for the CSFB/Tremont Hedge Fund Index and the nine style-driven sub-indices are calculated monthly. December, fourth quarter and year-end 1999 returns for all categories are listed below and at

Category December 4th Quarter YTD 1999
CSFB/Tremont/Index 8.5% 16.6% 23.4%
Convertible Arbitrage 0.9% 2.9% 16.0%
Dedicated Short Bias -6.6% -11.0% -14.2%
Emerging Markets 15.3% 30.7% 44.8%
Equity Market Neutral 1.0% 2.7% 12.1%
Event Driven 3.1% 5.6% 22.3%
Fixed Income Arbitrage 1.0% 2.7% 12.1%
Global Macro 9.2% 16.8% 5.8%
Long/Short Equity 13.0% 27.8% 47.2%
Managed Futures 2.3% -3.1% -4.7%

The CSFB/Tremont Hedge Fund Index returned 220.29% for the 72-month period since inception (January 1, 1994 through December 31, 1999).
For additional current and historical data including more comparisons with other widely followed global indices visit
The CSFB/Tremont Hedge Fund Index, the only asset-weighted hedge fund benchmark, was designed to establish a standard for tracking and comparing hedge fund performance against other major asset classes, like the S&P 500, on a global basis. Its web site provides interactive tools that allow users to manipulate the information and customize their research.

The CSFB/Tremont Hedge Fund Index is comprised of 284 funds. The Index is constructed using more than 2,600 hedge funds. It includes both US and off shore funds, but does not include funds of funds. Funds are not excluded until they liquidate or fail to meet the financial reporting requirements, in order to minimize survivorship bias. In order to qualify for inclusion in the universe, a fund must have US $10 million under management and an audited financial statement. The Index is calculated on a monthly basis and adjusted for capitalization and return. Funds are reselected quarterly. Reselection for the first quarter 2000 will be announced shortly.

Credit Suisse First Boston Tremont Index LLC is the joint venture company of Credit Suisse First Boston Index Co., Inc., a subsidiary of Credit Suisse First Boston Inc., and Tremont Advisers, Inc. The company''''s management team includes from CSFB, Paul Calello, Managing Director, Robert S. Sloan, Managing Director, and Roland Lorenzo, Director, and from Tremont Advisers, Robert I. Schulman, President and COO, and Nicola Meaden, Director. Credit Suisse First Boston Tremont Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629.

Credit Suisse First Boston is a leading global investment banking firm, providing comprehensive financial advisory, capital raising, sales and trading, and financial products for users and suppliers of capital around the world. It operates in over 60 offices across more than 30 countries and has over 14,000 employees. As of December 31, 1998, CSFB has $6.7 billion in revenues, $7.1 billion in equity and $291 billion in assets. The Firm is a wholly owned subsidiary of the Zurich-based Credit Suisse Group.
Tremont Advisers, Inc. (TMAVB) is a diversified holding company which, through its subsidiaries, is engaged in three core businesses: consulting, information & research, and investment products for the global alternative investment industry. Tremont holds leadership positions in each of its specialty areas and advises on approximately $6.5 billion in alternative investment assets. Through its London-based information and market intelligence unit, TASS Investment Research Ltd, the firm provides data on the performance of more than 2,600 alternative investment managers and funds. Tremont manages in excess of $500 million in proprietary funds and has more than $100 million in insurance policies related to alternative investments.
Tremont''''s wholly owned subsidiaries, Tremont Partners, Inc., and Tremont Securities, Inc., are registered as investment advisers under the Investment Advisers Act of 1940 and as a registered broker/dealer under the Securities Exchange Act of 1934, respectively. Tremont is headquartered in Rye, New York and has offices in Toronto, Bermuda and London.

Certain statements in this Press Release constitute �forward looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. The Companies assume no obligation to update these forward looking statements to reflect actual results, changes in assumption or changes in other factors affecting such forward looking statements.

For further information:
Robert S. Sloan (212) 325-2773
Roland Lorenzo(212) 325-2773
Robert I. Schulman(914) 925-1140
Nicola Meaden(011) 44 171 222.0099

PR Contact:
Meg Bode(516) 869-6610

© 1999-2017 Credit Suisse Hedge Index LLC. All rights reserved.Credit Suisse Hedge Fund Index was formerly known as Dow Jones Credit Suisse Hedge Fund Index from June 22, 2010 to September 15, 2013. Credit Suisse AllHedge Index was formerly known as Dow Jones Credit Suisse AllHedge Index from June 22, 2010 to September 15, 2013. Credit Suisse Blue Chip Hedge Fund Index was formerly known as Dow Jones Credit Suisse Blue Chip Hedge Fund Index from June 22, 2010 to September 15, 2013.