Press Releases & Announcements       
Back to Press Release & Announcement Index

May 01, 2007

Credit Suisse/Tremont Hedge Fund
The Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index (“INVX”) Is Up 2.33% for the First Quarter of 2007
The Event Driven Sector Is the Best Performing Strategy Up 6.67% for the First Quarter of 2007

New York, May 1, 2007--Credit Suisse Index Co., Inc released today its first quarter performance review for 2007, revealing positive news for the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index that finished the quarter up 2.33%, according to Oliver Schupp, President of the Credit Suisse Tremont Index, LLC.

“We are pleased to present our quarterly review analyzing the performance of the Credit Suisse/Tremont Hedge Fund Indices for the first quarter of 2007,” said Mr. Schupp. “Hedge fund managers experienced a strong first quarter thanks to a favorable market environment that allowed nine of the ten hedge fund strategies to produce positive quarterly results. Record highs in mergers and acquisition activity, a decision by the Fed to leave interest rates unchanged, high volatility and a steepening of the yield curve all contributed positively to hedge fund performance for the first quarter of 2007.”

Highlights for all Credit Suisse/Tremont Hedge Fund Indices in the first quarter of 2007 include:

  • Consistent positive performance of the Credit Suisse/Tremont Hedge Fund Index leads to a strong first quarter for index-linked products.
  • Event Driven, Long/Short Equity and Multi-Strategy were the top performing sectors of the quarter for the Credit Suisse/Tremont Hedge Fund Index
  • The Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index posted positive returns for every month this quarter.
  • Nine of the ten Credit Suisse/Tremont Sector Invest Indices performed positively for the quarter with particularly strong performance from Event Driven, Long/Short Equity and Multi-Strategy.
  • Quarter-to-date INVX outperformed, on a gross basis*, several competing investable indices. The INVX finished up 2.54%, as compared to the Hedge Fund Research HFRX Global Hedge Fund Index (“HFRX”), up 1.58% and the MSCI Hedge Invest Index (“MSCI”) that was up 1.57%.

The full first quarter 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*

Q1 2007

Credit Suisse/Tremont Hedge Fund Index

3.34%

Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index

2.33%

Sector Invest Convertible Arbitrage

2.35%

Sector Invest Dedicated Short Bias

1.04%

Sector Invest Emerging Markets

1.18%

Sector Invest Equity Market Neutral

2.03%

Sector Invest Event Driven

5.29%

Sector Invest Fixed Income Arbitrage

1.81%

Sector Invest Global Macro

2.27%

Sector Invest Long/Short Equity

3.88%

Sector Invest Managed Futures

-5.80%

Sector Invest Multi-Strategy

3.56%

* 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
Suzanne Fleming, Credit Suisse, telephone 212 325 7396, suzanne.fleming@credit-suisse.com

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.

# # # # #

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.


© 1999-2014 Credit Suisse Hedge Index LLC. All rights reserved.Credit Suisse Hedge Fund Index was formerly known as Dow Jones Credit Suisse Hedge Fund Index from June 22, 2010 to September 15, 2013. Credit Suisse AllHedge Index was formerly known as Dow Jones Credit Suisse AllHedge Index from June 22, 2010 to September 15, 2013. Credit Suisse Blue Chip Hedge Fund Index was formerly known as Dow Jones Credit Suisse Blue Chip Hedge Fund Index from June 22, 2010 to September 15, 2013.