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July 31, 2007

 
 
 
The Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index (“INVX”) was up 3.97% net for the second quarter of 2007
 
Managed Futures sector is the best performing strategy, up 13.10% for the second quarter of 2007
 

New York, July 31, 2007 Credit Suisse Index Co., Inc released today its second quarter performance review for the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index, reporting that it finished the quarter up 3.97% net, according to Oliver Schupp, President of the Credit Suisse Tremont Index, LLC. The Investable Index was up 6.81% year-to-date.

The Credit Suisse/Tremont family of hedge fund indices includes three separate indices:
  • The Hedge Fund Index (the “Broad Index”), an asset-weighted benchmark that measures hedge fund performance;
  • The Blue Chip Investable Index (“INVX”), an investable index comprised of 60 funds across the ten style-based sectors in the broad index that are open to investment; and
  • The Sector Invest Indices, which provide investment access to any of the ten style-based sectors in the broad index on an individual basis.

“We are pleased to present our quarterly review analyzing the performance of the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index for the second quarter of 2007,” said Mr. Schupp. “Hedge fund managers experienced a generally strong second quarter, thanks to a favorable market environment, that allowed nine of the ten hedge fund strategies in this index to produce positive quarterly results. Record highs in the beginning of the quarter in global equity markets, a continued upward trend in mergers and acquisition activity and high volatility at the end of the quarter all contributed positively to hedge fund performance for the second quarter of 2007.”

Highlights for all three of the Hedge Fund Indices in the second quarter of 2007 include:

  • Consistent positive performance of the Credit Suisse/Tremont Hedge Fund Index led to a strong second quarter for index-linked products;
  • Managed Futures, Event Driven and Long/Short Equity were the top performing sectors of the quarter for the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index (“INVX”);
  • INVX outperformed, on a year-to-date gross basis, several competing investable indices. INVX year-to-date for 2007 was up 6.81%, as compared to Hedge Fund Research HFRX Global Hedge Fund Index (“HFRX”), up 4.67% and the MSCI Hedge Index (“MSCI”) that was up 6.39%; and
  • Eight 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.

The Bear Stearns Structured Credit Fund and its Enhanced Fund were not members of INVX and had no impact on overall performance.

The complete second quarter performance review is available on the News and Press section of the 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*Q2 2007
Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index 3.97%
Convertible Arbitrage 1.37%
Dedicated Short Bias -4.99%
Emerging Markets 3.68%
Equity Market Neutral 1.28%
Event Driven 4.81%
Fixed Income Arbitrage 0.60%
Global Macro 3.28%
Long/Short Equity 3.29%
Managed Futures 13.10%
Multi-Strategy 3.31%
* Returns for INVX are presented net of fees.

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.

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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.