Credit Suisse/Tremont Hedge Fund Index Completes Semi-Annual Rebalancing for April 2006
New York, April 15, 2006--The Credit Suisse Tremont Index, LLC
announced that as of April 1, 2006, the Credit Suisse/Tremont Investable Hedge
Fund Index (“INVX”) completed its routine semi annual rebalancing of funds.
The rebalancing resulted in the addition and removal of seven funds. The
Investable Index is constructed on an objective, rules-based methodology, which
includes the following criteria:
Funds are selected from the Credit Suisse/Tremont Hedge Fund Index
Funds generally represent the six largest eligible "open" funds in each of the
Funds are determined by application of the Investable Index construction rules
The funds that were added include: Waterloo International Fund Ltd, Discovery
Global Opportunity Fund Ltd, Paulson International Ltd, Drawbridge Global Macro
Fund Ltd, Eureka (US$) Fund Ltd, and Alexandra Global Investment Fund I Ltd.
The new constituent funds were added as of April 1, 2006.
After the rebalancing, the sector weightings for INVX are as follows:
At October 1, 2005 Rebalancing
At April 1, 2006 Rebalancing
|Equity Market Neutral
|Fixed Income Arbitrage
Credit Suisse Tremont Index LLC is the joint venture company of Credit Suisse
Index Co., Inc., a subsidiary of Credit Suisse Inc., and Tremont Capital
Management, Inc. Credit Suisse Tremont Index LLC is headquartered at 11 Madison
Avenue, New York, NY 10010-3629.
Tremont Capital Management, 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
$8 billion in assets, Tremont maintains offices in Rye, New York; London;
Toronto, Hong Kong and Bermuda.
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 40,000 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
Credit Suisse Asset Management business manages portfolios, mutual funds and
other investment vehicles for a broad spectrum of clients globally ranging from
governments, institutions and corporations to private individuals. It offers
investment products across the full spectrum of asset classes, including
equities, fixed income, commodities and multiple-asset class products. Credit
Suisse offers the full range of alternative investments including real estate,
hedge funds, private equity and volatility management.
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:
Oliver Schupp (212) 538-8179
Robert I. Schulman (914) 925-1140
Meg Bode (516) 869-6610
John Gallagher (212) 325-0932