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September 13, 2007

 
Media Release
 
New Credit Suisse/Tremont Hedge Fund Index research signals rebound for statistical arbitrage strategies
 
New York, September 13, 2007 Credit Suisse Index Co., Inc., today said its latest industry research signals a rebound for Equity Market Neutral hedge funds that use statistical arbitrage techniques. The new commentary, A Quantitative Rebound?, examines the effects of recent market turmoil, including the effects of the sub prime-related credit crunch, and shows that Equity Market Neutral hedge funds have recovered 1.2% from the worst drawdown in August, as represented by the Credit Suisse/Tremont Equity Market Neutral Sector Invest Index (“SECT EQNTR”).

"Extreme market turmoil during the first two weeks of August led to a technical sell-off, sudden spike in volatility and a subsequent drop in performance for equity market neutral funds” according to Oliver Schupp, president, Credit Suisse Index Co., Inc. “Despite the downfall, many managers believe the sell-off was due to massive deleveraging and cash-raising activities. Cautious optimism has now returned as liquidity infusions take effect and investor fears have calmed. As the flow of redemptions has been stemmed, an upward trend in performance has taken place in the Credit Suisse/Tremont Equity Market Neutral Sector Invest Index.”

The Credit Suisse/Tremont family of hedge fund indices includes three separate indices:

  1. The Hedge Fund Index (the “Broad Index”), an asset-weighted benchmark that measures hedge fund performance;
  2. 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
  3. The Sector Invest Indices, which provide investment access to any of the ten style-based sectors in the broad index on an individual basis.

Credit Suisse Index Co. 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
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 45,300 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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© 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.