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Credit Suisse/Tremont Hedge Fund Index Group Launches LEA Index.


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
 -- 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 Group announced today that it has launched the Credit Suisse/Tremont LEA Index, a diversified index that aims to capture the high growth potential of the emerging market economies of Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , EEMEA EEMEA Eastern Europe, Middle East, and Africa (region)  (Emerging Europe, Middle East and Africa), and Asia.

Oliver Schupp, President of Credit Suisse Index Co., Inc, said, "We are pleased to announce the launch of the LEA Index, a distinctive asset-weighted index with three sub-regional indices. LEA represents the overall performance of this region-specific, emerging market hedge fund universe through a rules-based methodology. It offers systematic insight into the performance of hedge funds that seek to take advantage of the investment opportunities and inefficiencies in these three regions which are currently experiencing improved creditworthiness Creditworthiness

The condition in which the risk of default on a debt obligation by that entity is deemed low.


Creditworthiness

Eligibility of an individual or firm to borrow money.
, strong domestic consumer demand and large inflows of foreign direct investment. The LEA Index has 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
 and has 42 constituent funds. The LEA Index is now available in the Specialty Indices section of our website www.hedgeindex.com."

The LEA Index will have a constituent fund list as well as monthly and weekly publishing of performance data on www.hedgeindex.com.

The funds in the Credit Suisse/Tremont LEA Index are selected from the funds included in the LEA hedge fund universe, and weighted according to the procedures outlined in the Credit Suisse/Tremont LEA Index Rules. The fund selection rules can be found on www.hedgeindex.com and include the following criteria:

* Member funds are determined in order of size by 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.  in each region;

* Member funds generally represent the largest eligible funds in each region

* Member funds are determined by application of the LEA Index construction rules; and

* Member funds must provide timely performance reporting, audited financials and offering memorandum Offering Memorandum

A legal document stating the objectives, risks, and terms of investment involved with a private placement.

Notes:
The private placement of hedge funds necessitates the issue of memorandums.
 review for inclusion

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

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

2. The Blue Chip Index ("INVX"), an index comprised of 60 funds across the ten style-based sectors in the broad index; and

3. The AllHedge Index and Sector Invest Indices, ("SECT") which provide investment insight in to any of the ten style-based sectors in the broad index on an individual basis or in a 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".
.

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

Additional features of the Credit Suisse/Tremont Indices

* Transparency via www.hedgeindex.com and pages on Bloomberg and Reuters

Credit Suisse Tremont Index LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 is the joint venture company of Credit Suisse Index Co., Inc., a subsidiary of Credit Suisse Co., Inc., and Tremont Group Holdings, 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 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 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 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 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 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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Publication:Business Wire
Date:Apr 3, 2008
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