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February 16, 2006

February 2006


In accordance with the Credit Suisse/Tremont Investable Hedge Fund Index Rules (the "Index Rules"), and the Credit Suisse /Tremont Sector Invest Rules (the “Sector Invest Rules”), Credit Suisse Tremont Index LLC is publishing the following notice:


Levco Alternative Fund Ltd (“Levco”) announced in October 2005 that the board of directors reached a decision to order compulsory redemption of all the shares of the fund. Consequently, the investment manager of Levco began an orderly liquidation with partial distributions paid out in tranches in November and December 2005 and the remainder in the first quarter of 2006 .  This has resulted in a Special Rebalancing Situation.  Implementation will follow the procedures outlined in the Index Rules.  This fund will remain in the Event Driven sector of the Credit Suisse/Tremont Investable Hedge Fund Index and in the Credit Suisse/Tremont Sector Invest Event Driven Index until the next rebalancing date on April 1, 2006.


Kodiak Capital Offshore Fund Ltd. (“Kodiak”) liquidated on December 30, 2005 and all outstanding shares were redeemed on that date in accordance with fund documents. This has resulted in a Special Rebalancing Situation.  Implementation will follow the procedures outlined in the Index Rules.  This fund will remain in the Dedicated Short sector of the Credit Suisse/Tremont Investable Hedge Fund Index and in the Credit Suisse/Tremont Sector Invest Event Driven Index until the next rebalancing date on April 1, 2006.


Imperium Market Neutral Offshore Fund, Ltd. (“Imperium”) has initiated a compulsory redemption of investor shares in January 2006. All outstanding shares were redeemed on that date in accordance with fund documents and proceeds will be distributed starting on February 28, 2006. This has resulted in a Special Rebalancing Situation.  Implementation will follow the procedures outlined in the Index Rules.  This fund will remain in the Credit Suisse/Tremont Sector Invest Long Short Equity Index until the next rebalancing date on April 1, 2006.


The Investable Index and the Sector Invest Indices are constructed using a strict, rules-based methodology.  For further explanation, please see "Special Rebalancing Situations: Member Funds that Liquidate" in the index rules on www.hedgeindex.com.


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