Press Releases & Announcements       
Back to Press Release & Announcement Index

April 23, 2008

Credit Suisse/Tremont Completes Semi-Annual Rebalancing of the AllHedge Index and the Blue Chip Index

New York, April 23, 2008--The Credit Suisse Index Co., Inc announced that as of April 1, 2008, the Credit Suisse/Tremont AllHedge Index (“SECTAH”) and Credit Suisse/Tremont Blue Chip Index (“INVX”) completed their routine semi-annual rebalancing of funds. 
 

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

1. The Hedge Fund Index (the “Broad Index”), an asset-weighted benchmark that measures hedge fund performance;

2. The AllHedge Index ("SECTAH"), an investable index comprised of all 10 Credit Suisse/Tremont Sector Invest indices weighted according to the sector weights of the Broad Index;

3. The Blue Chip 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

4. The Specialty Indices, the first of which is the LEA Index, an asset-weighted, composite index which provides insight into three specific regions of the emerging markets hedge fund universe.

The rebalancing for SECTAH resulted in the addition of thirty five funds while INVX resulted in the addition of ten funds. The indices are constructed on an objective, rules-based methodology, which includes the following criteria:
• Funds for SECTAH and INVX are selected from the Credit Suisse/Tremont Hedge Fund Index
• Funds for SECTAH generally represent a minimum of 70% of the AUM of the Investable universe of the Credit Suisse/Tremont Hedge Fund Index
• Funds for INVX generally represent the six largest eligible "open" funds in each of the ten sectors
• Funds are determined by application of construction rules


The funds that were added in SECTAH include: Nisswa Fund Ltd, RAB-Northwest Fund Limited, Canyon Capital Arbitrage Fund (Cayman) Ltd (Class B), Forest Global Convertible Fund Ltd, AM Investment E Fund Ltd, Platinum Asia Fund (AUD), Rohatyn Group Global Opportunity Fund  Ltd, The Firebird Avrora Fund Ltd- Restricted, Dexia Index Arbitrage, Temujin International Fund Ltd, O`Connor Global Quantitative Equity Ltd(Class B Series 1), GLC Gestalt Europe Fund Ltd (US Dollars Class A), Sabre Style Arbitrage Fund Ltd, Amber Fund (Cayman) Ltd, Seneca Capital International Ltd, Vertex Fund, Bay Harbour Partners Ltd, Scottwood Fund Ltd, Good Hope International Ltd, Schultze Offshore Fund Ltd, Para International Fund Ltd, NWI Explorer Global Fund Ltd, Renaissance Institutional Futures Fund International LP, Graham Global Investment Fund (Disc Portfolio), Platinum International Fund (AUD), Global Undervalued Securities Fund LP, P.M. CAPITAL Absolute Performance Fund Ltd, AlphaGen Velas Fund Ltd (Class A), Lazard European Explorer Ltd (Class C), Grinham Diversified Fund Limited, SMN Diversified Futures Fund (Euro), GLG Market Neutral Fund (Class Z), Ramius Fund Ltd (Index), BlueCrest AllBlue Limited (Class A USD), O`Connor Global Multi-Strategy Alpha LTD (Index).

The funds that were added in INVX include: Platinum Asia Fund (AUD), Tantallon (Non-US Feeder) Fund, Dexia Index Arbitrage, Temujin International Fund Ltd, Amber Fund (Cayman) Ltd, Obsidian Fund (Offshore) Ltd, NWI Explorer Global Fund Ltd, Platinum International Fund (AUD), Lynx (Bermuda) LTD, Ramius Fund Ltd (Index).

The new constituent funds were added as of April 1, 2008. 

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

 

Sector Weights

At October 1, 2007 Rebalancing

Sector Weights

At April 1, 2008 Rebalancing

Convertible Arbitrage

2.73%

2.18%

Dedicated Short

0.51%

0.46%

Emerging Markets

6.90%

7.24%

Equity Market Neutral

4.78%

5.39%

Event Driven

24.14%

24.89%

Fixed Income Arbitrage

5.86%

4.89%

Global Macro

11.01%

10.51%

Long/Short Equity

29.56%

29.74%

Managed Futures

4.34%

3.61%

Multi-Strategy

10.17%

11.11%

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

 

Sector Weights

At October 1, 2007 Rebalancing

Sector Weights

At April 1, 2008 Rebalancing

Convertible Arbitrage

2.74%

2.13%

Dedicated Short

1.09%

0.90%

Emerging Markets

6.27%

6.89%

Equity Market Neutral

9.12%

7.47%

Event Driven

20.31%

21.00%

Fixed Income Arbitrage

8.64%

6.25%

Global Macro

8.97%

13.12%

Long/Short Equity

18.49%

20.36%

Managed Futures

8.83%

6.82%

Multi-Strategy

15.53%

15.08%

 

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 48,000 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 and multiple-asset class products. Credit Suisse’s Asset Management business manages assets for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 23 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.

Contact Information
Credit Suisse Hedge Fund Index Investor Relations, telephone +1 212 538 0583, hfindices.ir@credit-suisse.com
Meg Bode, Bode Associates, telephone 516 869 6610, meg@bodeassociates.com
Suzanne Fleming, Corporate Communications, Credit Suisse, telephone 212 325 7396, suzanne.fleming@credit-suisse.com


© 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.