Credit Suisse/Tremont Hedge Fund Indices Group Launches AllHedge 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 AllHedge Index, a new investable hedge fund index derived from the group's market leading Credit Suisse/Tremont Hedge Fund Index ("Broad Index"). The new AllHedge Index is designed to provide investors with a highly diversified asset-weighted investable indicator by providing access to a broad selection of funds in the Sector Invest Indices. It is now available in the Sector Invest Indices section of our website. Oliver Schupp, President of 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. Index Co., Inc, said, "We are pleased to announce the launch of the AllHedge Index. AllHedge is a highly diversified index encompassing all ten sectors of the Credit Suisse/Tremont Sector Invest Indices. AllHedge represents the overall performance of the hedge fund universe found in our Sector Invest Indices through a rules-based methodology that follows the sector weights of the Broad Index. AllHedge has an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. net return of 9.13%* and was up 2.17% net in September 2007." The funds in the Credit Suisse/Tremont AllHedge Indices are selected from the funds included in the Credit Suisse/Tremont Sector Invest Indices ("SECT"), weighted according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Credit Suisse/Tremont Hedge Fund Index, comprise the largest funds that are open to investment, and meet certain liquidity constraints in each of the ten style-based sectors. The fund selection rules can be found on www.hedgeindex.com and include the following criteria: * The funds are selected from the Credit Suisse/Tremont Sector Invest Index based on an asset-based formula; * The funds generally represent the largest eligible "open" funds in each of the ten sectors; * The funds are determined by application of the 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. AllHedge is fully rules-based with 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 monthly publishing of performance data. The Credit Suisse/Tremont family of hedge fund indices includes three separate indices: 1. The Hedge Fund Index ("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. Additional features of the Credit Suisse/Tremont Index include the following: * Transparency via www.hedgeindex.com and pages on Bloomberg, Reuters, The Wall Street Journal (both the Asian and European versions); and * A broad suite of index-linked investment products through Credit Suisse. The Credit Suisse/Tremont Hedge Fund 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 US $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 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 outflow, including a reselection according to the procedure outlined above, on a quarterly basis. 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. * Returns are net of a 0.84% calculation fee per annum Per annum Yearly. . 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 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. This material should not be viewed as a current or past recommendation or a solicitation of an offer to buy or sell any securities or investment products or to enter into any type of financial transaction or to adopt any investment strategy. The only legally binding terms of this investment product including risk considerations are set forth in the private placement memorandum private placement memorandum The documentation that provides information on a new security issue. It is similar to but less extensive than a prospectus. and subscription documents which are available upon request. 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. Credit Suisse assumes no obligation to update these forward looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward looking statements. |
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