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January 03, 2007

 
Media Release
 
New Credit Suisse/Tremont Research Shows Positive Emerging Markets Trends in Hedge Fund Industry
 
New York, January 3, 2006 Credit Suisse/Tremont today released its latest industry commentary, Emerging Markets Trends in the Hedge Fund Industry, and revealed positive news for hedge funds that invest in emerging markets. The new research compares the changing environment of the emerging markets sector from the 1997-1998 Asian Financial Crisis with the sector today, and brings to light a wide range of insights into the recent behavior of the emerging markets sector.

 

“We are pleased to offer industry commentary that provides invaluable information to investors and enables an accurate, up-to-date knowledge gathering of the hedge fund industry,” said Oliver Schupp, President of Credit Suisse Index Co., Inc. “With access to the broadest database of hedge funds and the most representative barometer of the hedge fund industry, Credit Suisse performs periodic in-depth analysis of industry trends and news.”

Some of the findings in Emerging Markets Trends in the Hedge Fund Industry include the following:

  • While some hedge fund observers have speculated that hedge funds may be headed for a financial crisis similar to the 1997-1998 Asian Financial Crisis, the Emerging Markets sector of the Credit Suisse/Tremont Hedge Fund Index remains resilient and exhibits continued potential for positive growth.
  • Compared with the 1997-1998 periods, the current emerging market environment remains healthy, with corporate profits exceeding expectations, default rates falling to their lowest level in years, disciplined fiscal policies, floating currencies, trade surpluses, paid-off foreign currency debt, and improved corporate earnings and governance.
  • The individual member funds of the Credit Suisse/Tremont Emerging Markets Index performed visibly differently to each other during the 24 month period leading up to the market corrections of 1998 compared with 2006. In sharp contrast, the presence of performance outliers during the 1998 period suggested a pattern of wider diffusion and generally more volatile market environment.
  • A changing investor profile from high net worth individuals to large-scale institutions may explain why lower levels of volatility are the trend as investors’ risk appetite declines.

Credit Suisse/Tremont industry commentaries and publications are available on the Research page in the News & Press section of our website, www.hedgeindex.com.

Information

Oliver Schupp, Credit Suisse, telephone 212 538 8179, oliver.schupp@credit-suisse.com
Robert I. Schulman, Tremont, telephone 914 925 1140
Meg Bode, Bode Associates, telephone 516 869 6610, meg@bodeassociates.com
John Gallagher, Credit Suisse, telephone 212 325 0932, john.t.gallagher@credit-suisse.com

Tremont Group Holdings, Inc.
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 $8 billion in assets, Tremont maintains offices in Rye, New York; London; Toronto and Hong Kong.

Credit Suisse
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.

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