NEW YORK, April 7 /PRNewswire-FirstCall/ -- Credit Suisse Index Co., Inc announced that as of April 1, 2010, the Credit Suisse/Tremont AllHedge Index ("SECTAH"), the Credit Suisse/Tremont Blue Chip Index ("INVX") and the Credit Suisse/Tremont Specialty Indices ("LEA") completed their routine semi-annual rebalancing of funds.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091204/CSLOGO )
The Credit Suisse/Tremont family of hedge fund indices includes four separate indices. The indices are constructed on an objective, rules-based methodology, which includes the following criteria:
-- Funds for SECTAH and INVX are selected from the Broad Index. -- Funds for SECTAH generally represent the largest eligible funds in each of the ten sectors weighted according to the sector weights of the Broad Index. -- Funds for INVX generally represent the six largest eligible open funds in each of the ten sectors. -- Funds for LEA generally represent the largest eligible funds in each of the three regions in the LEA investable index universe. -- Funds are determined by application of construction rules.
The 11 funds added in SECTAH were: Advantage Advisers Technology International, Ltd., AllBlue Limited, AM Investment V Fund, Ltd., Forest Global Convertible Fund Ltd., GLC Diversified Fund Ltd., GLG Emerging Markets Fund, Highbridge Statistical Arbitrage, Krom River Commodity Fund Inc., O'Connor Currency and Rates Portfolio II Ltd., Value Partners Classic Fund, Waterstone Market Neutral Offshore Fund Ltd. As of April 1, SECTAH comprises of 83 constituent hedge funds.
The seven funds added in INVX were: AllBlue Limited, GLG Emerging Markets Fund, Highbridge Statistical Arbitrage, MBS Fund Caspian, QFS Currency Fund Ltd, Value Partners Classic Fund, Waterstone Market Neutral Offshore Fund Ltd. As of April 1, INVX comprises 60 constituent hedge funds.
No funds were added to the LEA Index. As of April 1, LEA comprises 32 constituent hedge funds.
The new constituent funds were added as of April 1, 2010. After the rebalancing, the sector weightings for SECTAH are as follows: Sector Weights Sector Weights At April 1, 2010 At October 1, 2009 Rebalancing Rebalancing ---------------- ------------------ Convertible Arbitrage 1.84% 1.63% ----------- ---- ---- Dedicated Short 0.38% 0.52% --------------- ---- ---- Emerging Markets 8.58% 7.55% ---------------- ---- ---- Equity Market Neutral 2.18% 1.67% ------------- ---- ---- Event Driven 25.58% 25.95% ------------ ----- ----- Fixed Income Arbitrage 3.62% 3.51% ------------ ---- ---- Global Macro 17.00% 16.90% ------------ ----- ----- Long/Short Equity 23.05% 22.93% ----------------- ----- ----- Managed Futures 3.89% 4.10% --------------- ---- ---- Multi-Strategy 13.87% 15.24% -------------- ----- ----- After the rebalancing, the sector weightings for INVX are as follows: Sector Weights Sector Weights At April 1, 2010 At October 1, 2009 Rebalancing Rebalancing ---------------- ------------------ Convertible Arbitrage 3.00% 3.00% ----------- ---- ---- Dedicated Short 0.71% 1.03% --------------- ---- ---- Emerging Markets 10.46% 9.39% ---------------- ----- ---- Equity Market Neutral 3.57% 2.54% ------------- ---- ---- Event Driven 21.00% 21.00% ------------ ----- ----- Fixed Income Arbitrage 2.75% 1.73% ------------ ---- ---- Global Macro 11.87% 18.76% ------------ ----- ----- Long/Short Equity 21.90% 17.39% ----------------- ----- ----- Managed Futures 14.00% 12.23% --------------- ----- ----- Multi-Strategy 10.74% 12.93% -------------- ----- ----- After the rebalancing, the regional breakdown for LEA is as follows: Sector Weights Sector Weights At April 1, 2010 At October 1, 2009 Rebalancing Rebalancing ---------------- ------------------ Asia 40.00% 40.00% ---- ----- ----- EEMEA 20.00% 22.06% ----- ----- ----- Latin America 40.00% 37.94% ------------- ----- ----- Credit Suisse AG
As one of the world's leading banks, Credit Suisse AG ("Credit Suisse") provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services, 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 47,400 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at http://www.credit-suisse.com/.
Asset Management
In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including alternative investments such as private equity, hedge funds, real estate and credit, as well as multi asset class solutions, which include equities and fixed income products. 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 21 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.
All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.
Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
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.
Copyright © 2010, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Credit Suisse AG
CONTACT: Credit Suisse Hedge Fund Index Investor Relations,
hfindices.ir@credit-suisse.com; or Meg Bode, Bode Associates, +1-516-869-6610,
meg@bodeassociates.com; or Katherine Herring, Corporate Communications, Credit
Suisse AG, +1-212-325-7545, katherine.herring@credit-suisse.com
Web Site: http://www.credit-suisse.com/
