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.

#          #            #

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