CSFB/Tremont Hedge Fund Index Releases Next-Generation Interactive Site www.hedgeindex.com; Sets New Standard With Upgraded Technology.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 7, 2001

The web site for the CSFB/Tremont Hedge Fund Index has been re-vamped to provide improved functionality and expanded analytical features according to Robert S. Sloan, Chief Executive Officer of Credit Suisse First Boston Tremont Index LLC, the joint venture company that launched the original asset-weighted index in November 1999. The re-engineered domain, designed by Financial Interactive, Inc., is live now.

"New features on www.hedgeindex.com will facilitate a wider and deeper range of analytical opportunity for investors, investment advisors, managers and journalists as they compare investment styles and performance among traditional and alternative investments," explained Mr. Sloan. "The mainstreaming of alternatives demands state of the art technology -- in particular to support the international investable index products that we have rolled-out."

The enhanced interface and a new preferred user area now provide features including:

-- More performance analysis and comparisons with benchmarks;

-- Cumulative/annualized performance tables;

-- Cumulative performance charts for the index and sub-indices;

-- Draw down analysis for the index and sub-indices;

-- Correlation analysis for indices and benchmarks;

-- Month, quarter and annual returns;

-- Sub-index focused commentaries from hedge fund experts;

-- Audio commentaries;

-- Subscriptions to email alerts for data and commentary updates; and

-- Dedicated area for fund managers (coming soon).

Easier data downloads now facilitate:

-- Monthly returns & NAVs for the CSFB/Tremont Hedge Fund Index

and all nine sub-indices;

-- Single step download of all indices.

The CSFB/Tremont Hedge Fund Index is comprised of 334 funds as of March 31, 2001. The Index is constructed using a database of more than 2,600 hedge funds. It includes both U.S. and offshore funds, but does not include funds of funds. Funds are not excluded until they liquidate or fail to meet the financial reporting requirements, in order to minimize survivorship bias. In order to qualify for inclusion in the universe, a fund must have US $10 million under management and an audited financial statement. The Index is calculated on a monthly basis and adjusted for capitalization and return. Funds are reselected on a quarterly basis.

The CSFB/Tremont Hedge Fund Index, the only asset-weighted hedge fund benchmark, was designed to establish a standard for tracking and comparing hedge fund performance against other major asset classes, like the S&P 500, on a global basis. Its web site provides interactive tools that allow users to manipulate the information and customize their research.

Credit Suisse First Boston Tremont Index LLC is the joint venture company of Credit Suisse First Boston Index Co., Inc., a subsidiary of Credit Suisse First Boston Inc., and Tremont Advisers, Inc. The company's management team includes from CSFB, Paul Calello, Managing Director, Robert S. Sloan, Managing Director, and Roland Lorenzo, Director, and from Tremont Advisers, Robert I. Schulman, President and Co-CEO, and Nicola Meaden, Managing Director. Credit Suisse First Boston Tremont Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629.

Credit Suisse First Boston (CSFB) is a leading global investment banking firm serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment and merchant banking, financial advisory services, investment research, venture capital, correspondent brokerage services and online brokerage services. It operates in over 76 locations across more than 37 countries and 6 continents, and has some 28,000 staff worldwide. The Firm is a business unit of the Zurich based Credit Suisse Group, a leading global financial services company.

Tremont Advisers, Inc. (TMAV) is a diversified holding company which, through its subsidiaries, is engaged in three core businesses: advisory services, information & research, and investment products for the global alternative investment industry. Tremont holds leadership positions in each of its specialty areas and advises on approximately $6.5 billion in alternative investment assets. Through its London-based information and market intelligence unit, TASS Research, the firm provides data on the performance of more than 2,600 alternative investment managers and funds. Tremont manages in excess of $500 million in proprietary funds and has more than $100 million in insurance policies related to alternative investments.

Tremont's wholly owned subsidiaries, Tremont Partners, Inc., and Tremont Securities, Inc., are registered as investment advisers under the Investment Advisers Act of 1940 and as a registered broker/dealer under the Securities Exchange Act of 1934, respectively. Tremont is headquartered in Rye, New York and has offices in Toronto, Bermuda and London.

Financial Interactive, Inc. provides Investor Relationship Management (IRM(tm)) solutions to the capital markets industry. IRM(tm) is further defined by Financial Interactive's FundRunner(tm) Suite, an integrated set of innovative web and desktop solutions for traditional/alternative/hedge fund managers, fund of funds, private equity managers and industry service providers. FundRunner(tm) Desktop is a client relationship management and performance-reporting tool that streamlines front and back office functions facilitate efficient client communications to drive sales, retain assets, manage compliance issues and decrease administrative efforts. In addition, FundRunner(tm) Web offers the financial industry superior web content/access management and relationship building solutions for investment managers of all sizes. The company is headquartered in San Francisco, California. For more information visit the company's web site at www.FundRunner.com.