Credit Suisse/Tremont Hedge Fund Index Confirms February Performance Down 0.88%.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 -- Final performance for the Credit Suisse/Tremont 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 was down 0.88% in February, according to Oliver Schupp, President of Credit Suisse Index Co., Inc. Mr. Schupp said, "Hedge Funds capitalized on market swings in February as volatility in global equity markets was fueled by an adversity between the financial sector and the economy. Convertible Arbitrage Convertible Arbitrage An investing strategy that involves the long position on a convertible security and a short position in its converting common stock. Notes: strategies continued the rally that began in January, reflecting increasing demand and liquidity in the sector. Overall, four of the Index's ten sectors finished the month in positive territory." Schupp added, "The Equity Market Neutral sector of the Broad Benchmark Index was affected by the events surrounding WGTC WGTC West Georgia Technical College Limited, a member fund in the Index. Given all available information, the assets of WGTC Limited have been marked down approximately 80% for February to reflect the news." Performance for the Credit Suisse/Tremont Hedge Fund Index and its ten sub-strategies is calculated monthly. February, January and 2009 returns are listed below and are available at www.hedgeindex.com. [TABLE OMITTED] The following 13 funds are no longer reporting to the Credit Suisse/Tremont Hedge Fund Index: Capra Global Managed Assets Ltd., Absolute Return Europe Fund, BAREP Protea protea of South Africa. [Flower Symbolism: WB, 7: 264] See : Flower Or Plant, National , ZAIS Opportunity Master Fund Ltd., Endeavour Fund LP, Bricoleur Enhanced, Bricoleur Partners, Chilton New Era International BVI Ltd, FrontPoint Fixed Income Opportunities Fund LP, FrontPoint Japan Funds, LibertyView Credit Opportunities Fund, LibertyView Fund LP, Graham Global Investment Fund (Fed Policy). The Index is constructed using the Credit Suisse/Tremont database of more than 5,000 hedge funds. It includes both open and closed funds located in the U.S. and offshore, but does not include fund of funds Fund of Funds A mutual fund that invests in other mutual funds. Notes: For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers. . In order to qualify for inclusion in the index selection universe, a fund must have a minimum of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 50 million under management, a 12-month track record, and audited financial statements. Index funds are selected using a formula based on assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , which ensures that the Index represents at least 85% of total assets in each of ten strategy-based sectors in the selection universe. In order to minimize survivorship bias Survivorship Bias Specifically in the context of mutual funds, the tendency for poor performers to drop out while strong performers continue to exist. This results in an overestimation of past returns. , funds are not excluded until they liquidate or fail to meet the reporting requirements. The Index is calculated as a total return index on a monthly basis, adjusted for asset in- and outflows, including a reselection according to the procedure outlined above, on a quarterly basis. The Credit Suisse/Tremont family of hedge fund indices includes four separate indices: * The Hedge Fund Index (the "Broad Index"), an asset-weighted benchmark that measures hedge fund performance * 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 * The Blue Chip Index ("INVX"), an investable index comprised of the 60 largest funds across the ten style-based sectors in the broad index; and * The Specialty Indices, the first of which is the LEA Index, an asset-weighted, composite index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". which provides insight in to three specific regions of the emerging markets hedge fund universe (Latin America, EEMEA EEMEA Eastern Europe, Middle East, and Africa (region) (Emerging Europe, Middle East and Africa) and Asia). In accordance with the Credit Suisse/Tremont Investable Hedge Fund Index ("Blue Chip Index") Rules (the "Index Rules"), and the Credit Suisse/Tremont Sector Invest Indices Rules (the "Sector Invest Rules"), Credit Suisse Tremont Index LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is publishing the following notice: The following funds are in a Special 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 Situation: Akanthos Arbitrage Fund, Ltd., Alexandra Global Investment Fund I, Ltd., Amber Fund (Cayman) Ltd., Arcas International Fund, Ltd. (Covered Interest), Argent ar·gent n. 1. Heraldry The metal silver, represented by the color white. 2. Archaic Silver or something resembling it. Classic Convertible Arbitrage Fund Ltd., Arpeggio Fund, Basso Investors Ltd., Canyon Value Realization Fund (Cayman), Ltd., Castlerigg International Limited, Compass Holdings Ltd., Context Offshore Advantage Fund, Ltd., Deephaven Global Multi-Strategy Fund, Drawbridge drawbridge: see bridge. Global Macro Fund Ltd., Firebird Avrora Fund Ltd, 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 European Long Short Fund Ltd, GLG Market Neutral Fund Ltd, Global Undervalued Securities Fund, Ltd., Gramercy Emerging Markets, Ltd., Henderson Global Fixed Income Absolute Return Ltd, Iceberg Fund Ltd, JANA Offshore Partners Ltd, Longacre International Ltd, Mangart Global Fund Ltd., Mariner Atlantic Ltd, NWI NWI Northwest Indiana NWI National Wetlands Inventory NWI New Work Item NWI Newsworld International (former channel 366 on DirecTV) NWI National Wraparound Initiative (Seattle, WA) Explorer Global Fund Ltd., O'Connor Global Convertible Arbitrage Ltd, P.M. CAPITAL Absolute Performance Fund Ltd, Permal Fixed Income Special Opportunities Ltd., Platinum Grove Contingent Capital Offshore Ltd., Plexus Fund Ltd., Ramius Multi-Strategy Fund Ltd., Seneca Capital International, Ltd., Smith Breeden Global Funding Ltd. and Temujin International Fund Ltd. Additional features of the Credit Suisse/Tremont Index series include: * Transparency via www.hedgeindex.com and pages on Bloomberg and Reuters * A broad suite of index-linked investment products through Credit Suisse Credit Suisse Tremont Index LLC is the joint venture company of Credit Suisse Index Co., Inc., and Tremont Capital Management, Inc. Credit Suisse Tremont Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629. Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment 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 47,800 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 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. Asset Management 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 strategies, 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 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. Certain asset management products and services may not be available in all jurisdictions or to all client types. There is no intention to offer products and services in countries or jurisdictions where such offer would be unlawful under the relevant domestic law. 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 information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document. |
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