April 19, 2005
NEW YORK, NY, April 19, 2005 --- CSFB/Tremont Index is pleased to announce that it will begin the publication of weekly indicative values of its CSFB/Tremont Investable Hedge Fund Index today.
"Providing a weekly indicative return enhances transparency and allows for an intra-month update of the hedge fund index performance for benchmarking purposes", said Oliver Schupp, President of CSFB Tremont Index LLC and senior member of CSFB's Hedge Fund Investments group.
The new indicative weekly CSFB/Tremont Investable Hedge Fund Index return will be calculated every Tuesday based on estimated constituent fund net asset values provided to CSFB/Tremont. The official and estimated index values will continue to be published on a monthly basis and are available on www.hedgeindex.com.
The CSFB/Tremont Investable Hedge Fund Index was launched with 60 funds across 10 style-based sectors. The Investable Index was set at 100 on August 1, 2003. As of April 1, 2005, the aggregate assets under management of the index constituents were approximately $113 billion.
The funds currently included in the index are available on the web site at www.hedgeindex.com.
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 Capital Management, Inc. Credit Suisse First Boston Tremont Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629.
Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in 69 locations in 33 countries across five continents. The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company.
Tremont Capital Management, Inc. is one of the leading global alternative investment management firms, whose business lines include research and investment management services, sale and distribution of its proprietary investment products. Tremont advises on over $13 billion in alternative investment assets. Through its information and market intelligence, the firm provides data on the performance of more than 3,000 alternative investment managers and funds. Tremont is headquartered in Rye, New York and has offices in Toronto, Bermuda and London.
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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: ||Oliver Schupp ||(212) 538-8179|
|Meg Bode || |
| ||John Gallagher || |