March 8, 2005
New York, March 8, 2005 -- CSFB is pleased to announce that products linked to the CSFB/Tremont Investable Hedge Fund Index exceeded US$3 billion in assets under management, as of March 1, 2005.
"Reaching the $3 billion milestone indicates that our high standards of objectivity, transparency and accuracy in index construction continue to make our Investable Index accepted as a liquid and diversified market barometer of the hedge fund universe", said Oliver Schupp, President of CSFB Tremont Index LLC. "The global investment community's ongoing selection of the CSFB/Tremont Investable Hedge Fund Index confirms CSFB/Tremont as a leading provider of hedge fund indices."
Since CSFB/Tremont introduced its investment program in August of 2003, assets under management have steadily increased as CSFB has grown its distribution network. Investment vehicles tracking the CSFB/Tremont Investable Hedge Fund Indices are now available throughout Asia, Europe, the Middle East, North and South America and are distributed by CSFB. Investors can opt to track the composite CSFB/Tremont Investable Hedge Fund Index or any of the ten CSFB/Tremont Sector Invest Indices.
The CSFB/Tremont Investable Hedge Fund Index was launched with 60 funds across 10 style-based sectors and is designed to give investors broad exposure to hedge funds as an asset class through index-linked products. Performance for the index and the ten style-based sector indices is calculated monthly. The funds currently included in the index are available on the web site at www.hedgeindex.com.
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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, and database sales and information services. Tremont advises on over $11 billion in alternative investment assets. Through its information and market intelligence unit, TASS Research, 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 || |
| ||Victoria Harmon || |