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October 18, 2007

Credit Suisse/Tremont Hedge Fund
Credit Suisse/Tremont Completes Semi-Annual Rebalancing of two of its Indices
Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index and
Credit Suisse/Tremont Sector Invest Indices rebalanced

New York, October 18, 2007--The Credit Suisse Index Co., Inc announced that as of October 1, 2007, the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index (“INVX”) and Credit Suisse/Tremont Sector Invest Indices (“SECT”) completed their routine semi-annual rebalancing of funds.

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 (“SECT”), which provide investment access to any of the ten style-based sectors in the Broad Index on an individual basis.
The rebalancing for INVX resulted in the addition of ten funds, while SECT resulted in the addition of four funds. The Investable Index is constructed on an objective, rules-based methodology, which includes the following criteria:
  • Funds for INVX and SECT are selected from the Credit Suisse/Tremont Hedge Fund Index
  • Funds generally represent the six largest eligible "open" funds in each of the ten sectors
  • Funds for SECT generally represent a minimum of 70% of the AUM of the Investable universe of the Credit Suisse/Tremont Hedge Fund Index
  • Funds are determined by application of the Investable and Sector Invest Index construction rules

The funds that were added in INVX include: The Russian Prosperity Fund; Elm Ridge Value Partners Offshore Fund Inc; Paulson International Ltd; Dexia Money+ Credit Spread; First Quadrant Global Macro Fund Ltd; Kinetics Fund Inc; Rodinia Fund Ltd; Graham Global Investment Fund (Fed Policy); GLG Market Neutral Fund; O`Connor Global Multi-Strategy Alpha LTD.

The funds that were added in SECT include: Tantallon (Non-US Feeder) Fund; Elm Ridge Value Partners Offshore Fund Inc; LCM GIRHF Ltd Opportunity (Program);GLG European Long/Short Fund (Class A).

The new constituent funds were added as of October 1, 2007.

After the rebalancing, the sector weightings for INVX are as follows:

Category Sector Weights
At April 1, 2007 Rebalancing
Sector Weights
At October 1, 2007 Rebalancing
Convertible Arbitrage 2.79% 2.74%
Dedicated Short 1.60% 1.09%
Emerging Markets 6.39% 6.27%
Equity Market Neutral 9.35% 9.12%
Event Driven 16.85% 20.31%
Fixed Income Arbitrage 11.25% 8.64%
Global Macro 9.41% 8.97%
Long/Short Equity 17.41% 18.49%
Managed Futures 10.94% 8.83%
Multi-Strategy 14.00% 15.53%

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 45,000 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 (CS), 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.

For further 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


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