Credit Suisse/Tremont Launches New Calculation of Foreign Currency
Hedged Index Values for the Blue Chip Investable and Sector Invest Index Suite
NEW YORK, NY, September 26, 2006 – Credit Suisse/Tremont announced today the release of currency hedged index values into the Euro, Japanese Yen and Swiss Franc. This new feature simulates the performance of the USD Index hedged into the Euro, Japanese Yen and Swiss Franc, according to Oliver Schupp, President of the Credit Suisse/Tremont Index. It is available for the Blue Chip Investable and Sector Invest Indices, effective immediately.
“We are pleased to offer a calculation of currency hedged index values in order to provide value-added information as a benchmark for investors and enhance the current spectrum of index-related products.” said Mr. Schupp.
The currency statistics and full time series are available on a monthly basis on the data download section for the Blue Chip Investable and Sector Invest Indices. For the full currency hedged index rules please see the Appendix of the Index rules documents on our website, www.hedgeindex.com
Credit Suisse Tremont Index, LLC is the joint venture company of Credit Suisse Index Co., Inc., a subsidiary of Credit Suisse Co., Inc., and Tremont Group Holdings, Inc. Credit Suisse Tremont Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629.
Tremont Group Holdings, Inc. is a leading hedge fund asset management firm, which provides and manages investment products and customized portfolios, and offers related services, on a worldwide basis. Currently managing approximately $9 billion in assets, Tremont maintains offices in Rye, New York; London; Toronto and Hong Kong.
As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 62,500 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
In its asset management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income and multiple-asset class products, to alternative investments such as real estate, hedge funds, private equity and volatility management. Credit Suisse’s asset management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 18 countries, Credit Suisse’s asset management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.
The asset management business of Credit Suisse is comprised of a number of legal entities around the world that are subject to distinct regulatory requirements; certain asset management products and services may not be available in all jurisdictions or to all client types.
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:
||Robert I. Schulman