“We are pleased to present our annual review analyzing the performance of the Credit Suisse/Tremont Hedge Fund Indices for 2006,” said Mr. Schupp. “Hedge funds experienced a stronger than expected year thanks to a favorable market environment that allowed the majority of hedge fund strategies to produce positive end of year results. Record highs in global markets, mergers and acquisition activity, a stronger than expected earnings season, a pause in the continual rise of interest rates by the Federal Reserve, high energy prices and volatility fluctuations all contributed positively to hedge fund performance for 2006.

Highlights for all Credit Suisse/Tremont Hedge Fund Indices in 2006 include:
 

• Consistent positive performance of the Credit Suisse/Tremont Hedge Fund Index leading to a strong year for index-linked products, due to the first and last quarters.
• The Credit Suisse/Tremont Hedge Fund Index tracking portfolio had a 0.98 correlation with the Credit Suisse/Tremont Hedge Fund Index.
• For the Credit Suisse/Tremont Hedge Fund Index, Emerging Markets, Event Driven and Multi-Strategy were the top performing sectors for the year.
• The Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index posted positive returns for every month in the first and last quarters of this year.
• Nine of the ten Credit Suisse/Tremont Sector Invest Indices performed positively for the year.
• Convertible Arbitrage and Event Driven all brought positive returns for every month of the year for the Credit Suisse/Tremont Sector Invest Indices.
• Convertible Arbitrage, Emerging Markets, Event Driven, Long/Short Equity and Multi-Strategy ended the year with double digit returns for the Credit Suisse/Tremont Sector Invest Indices.
• Year-to-date INVX outperformed, on a gross basis*, several competing investable indices. The INVX finished 2006 up 10.44%, as compared to the Hedge Fund Research HFRX Global Hedge Fund Index (“HFRX”), up 9.26% and the MSCI Hedge Invest Index (“MSCI”) that was up 7.63%.
   

The full year-end performance review is available on the News and Press section of our website, www.hedgeindex.com.

*INVX returns are presented gross of a 0.07% monthly management fee. Sources: All performance data shown above is taken from Credit Suisse Tremont Index LLC, www.hedgeindex.com, www.msci.com, www.hfr.com. MSCI and HFR Index data was obtained from publicly available sources. Credit Suisse Tremont LLC does not guarantee the accuracy of such data

Category*	YTD 06
Credit Suisse/Tremont Hedge Fund Index	13.86%
Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index	9.51%
Sector Invest Convertible Arbitrage	12.30%
Sector Invest Dedicated Short Bias	-6.19%
Sector Invest Emerging Markets	24.17%
Sector Invest Equity Market Neutral	6.13%
Sector Invest Event Driven	14.98%
Sector Invest Fixed Income Arbitrage	5.57%
Sector Invest Global Macro	1.15%
Sector Invest Long/Short Equity	11.68%
Sector Invest Managed Futures	5.85%
Sector Invest Multi-Strategy	13.35%

* Returns for INVX and the Sector Invest Indices are presented net of fees, while the Broad Index is presented on a gross basis.

Information

Oliver Schupp, Credit Suisse, telephone 212 538 8179, oliver.schupp@credit-suisse.com
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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