CSFB Hedge Fund Investments Group Launches Registered Funds of Hedge Funds in Five Categories.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CSFB's Hedge Fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" Investments group ("HFI HFI Human Factors International HFI Healthy Forests Initiative HFI Hepatitis Foundation International HFI Hereditary Fructose Intolerance HFI High-Frequency Induction HFI Hollywood Film Institute (since 1990; in Santa Monica, California) ") is pleased to announce the April 1, 2005 launch of funds of hedge funds registered with the US Securities and Exchange Commission. The five fund strategies are Multi-Strategy, Long/Short Equity Long/Short Equity A hedge fund strategy that involves buying certain stocks long and selling others short. There usually isn't a restriction on the country that the stocks trade in either. , Relative Value, Tactical Trading and Event Driven. There is a tax-exempt and taxable feeder fund available for investment into each strategy. The three-tier structure of the tax-exempt funds provides tax-exempt institutions with the opportunity to invest in a US entity without exposure to UBTI UBTI Unrelated Business Taxable Income . "The organization of our U.S. menu reflects HFI's sector-based approach to manager research," said Jim Vos, head of HFI. "Research is led by specialized sector teams with market experience focusing on increasingly complex and dynamic trading and arbitrage strategies. Investors can access the top-down strategy allocation expertise of CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank through the Multi-Strategy feeder funds or focus their investments in sector funds that complement their current asset allocation." "The hedge fund industry is becoming more transparent, and our decision to register these funds reflects this trend," said Bob Kulperger, HFI product specialist for the Americas. "Institutions and ultra-high net worth entities have expressed an appreciation for the added comfort provided by the transparency of regulatory reporting and the oversight of an independent board of managers." The CSFB Hedge Fund Investments group manages approximately $9 billion in assets with a team of 75 dedicated individuals. HFI is managed by Jim Vos, a 20-year veteran of CSFB, who started the group in 1998. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. (CSFB) is a leading global investment bank serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in 69 locations in 33 countries across five continents. The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company. |
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