Credit Suisse/Tremont Completes Semi-Annual Rebalancing of Two of Its Indices.Credit Suisse/Tremont Blue Chip Investable 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" Index and Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. / Tremont Sector Invest Indices Rebalanced 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 -- 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 Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting 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 for INVX 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 Aum (ä·ōōmˑ), n.pr 1. in Ayurveda, the subtle, noiseless cosmic vibration in which consciousness existed in the beginning, before the elements appeared. 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 The term global macro is used to classify the strategy of certain hedge funds—those that take large leveraged positions in financial derivatives, on the basis of forecasts about interest rate trends, movements in the general flow of funds, political changes, government Fund Ltd; Kinetics Fund Inc; Rodinia Fund Ltd; Graham Global Investment Fund (Fed Policy); GLG GLG Geology GLG Ganz Liebe Grüße (German) GLG Grocery List Generator GLG Glamis Gold Ltd (stock symbol) GLG Goofy Little Grin GLG Goodrich Landing Gear 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 (Liquid Crystal Monitor) A flat panel display that uses the liquid crystal (LCD) technology. See flat panel display. 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: [TABLE OMITTED] 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 advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (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. Certain statements in this Press Release constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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