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April 18, 2005


April 18, 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
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 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) 712-7641
Robert I. Schulman (914) 925-1140

PR Contacts:

Meg Bode

(516) 869-6610

John Gallagher

(212) 325-0932


© 1999-2014 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.