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April 06, 2005

April 6, 2005

NEW YORK, NY, April 5, 2005 --- CSFB/Tremont Index announced today that the CSFB/Tremont Investable Hedge Fund Index has completed its third rebalancing of funds.

The rebalancing resulted in the addition and removal of eight funds. The index is constructed on an objective, rules-based methodology, which includes the following criteria:

  • Funds are selected from the CSFB/Tremont Hedge Fund Index 
  • Funds generally represent the six largest eligible "open" funds in each of the ten sectors 
  • Funds are determined by application of the construction rules

The funds that were added include Advent Convertible Arbitrage, Black Diamond, Davidson Kempner International, Epoch Overseas, Halcyon Offshore, Orbis Optimal, Sagamore Hill, and Value Partners.  As of April 1, 2005, the aggregate assets under management of the Investable Index constituents were approximately $113 billion. 

 After the rebalancing, the weightings are as follows:

   Sector Weights
At October 1, 2004 Rebalancing
 Sector Weights
At April, 1 2005 Rebalancing
Convertible Arbitrage  6.76%  6.87%
Dedicated Short  1.69%  1.72%
Emerging Markets  4.43%  5.27%
Equity Market Neutral  7.11%  7.17%
Event Driven  12.24%  16.74%
Fixed Income Arbitrage  12.95%  12.72%
Global Macro  15.66%  11.57%
Long/Short Equity  15.95%  15.27%
Managed Futures  11.21%  10.67%
Multi-Strategy  12.00%  12.00%

"The Investable Index continues to grow in its representation of the hedge fund industry with the addition of these funds," said Oliver Schupp, President of CSFB Tremont Index LLC. "The new member funds solidify our Investable Index constituents with many of the largest hedge funds in each sector."  

The 60 member funds of the CSFB/Tremont Investable Hedge Fund Index at the April 1, 2005 rebalancing are as follows:

Advent Convertible Arbitrage  Advisory U.S.
Alexandra Global Investment  AlphaGen Altai
Arcas  Argent LowLev Convertible
Ashmore  Aspect Diversified
Bear Stearns Global  Black Diamond
Bridgewater Pure Alpha  Campbell Global
Canyon Value Realization  Capital Fund
Castlerigg  CDC MBS
Chilton  Compass
Davidson Kempner International  Deephaven
Epoch Overseas  Fletcher Income Arbitrage
FrontPoint Fixed Income Opportunities  GLS Offshore Global
Graham Global Investment  Gramercy
Grossman Currency  Halcyon Offshore
Henderson UK  Hermitage
Iceberg  III Fund
Island Drive  JWH Global Strategies
Kingate Global  Kingsford International
Kodiak Opportunity  Levco Alternative
Mariner  Maverick
Obsidian  Omega Overseas Partners
Orbis Optimal  Pequot
Plexus  Quattro
Rotella Polaris  Roy G. Niederhoffer
SAF Alternatime  Sagamore Hill
Shepherd Investments  Standard Pacific Capital
Tamarack  UBS Currency Portfolio
Value Partners  Vega Global
Vega Relative Value  VR Distressed Assets
WGTC  York Investment

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 chievements 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
                                                    Robert I. Schulman (914) 925-1140

PR Contact:                                  Meg Bode  (516) 869-6610
                                                    John Gallagher  (212) 325-0932

© 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.