Funds linked CSFB investable hedge fund index raises $500 million

Date: Wednesday, January 14, 2004

Funds linked to CSFB Tremont's investable hedge fund index have raised more than $500 million in less than three months, demonstrating the appeal of diversified investing in the alternative asset class. The CSFB/Tremont Investable Hedge Fund Index was launched by Credit Suisse First Boston and Tremont Advisers with 60 funds across 10 style-based sectors and is designed to give investors broad exposure to hedge funds as an asset class.