Tremont Hedge Fund Index Linked Trust files Preliminary Prospectus

Date: Thursday, October 30, 2003

Tremont Capital Management, Corp., the manager of Tremont Hedge Fund Index Linked Trust (the "Trust"), is pleased to announce that it has filed a preliminary prospectus with the securities commissions of all Canadian provinces for an initial public offering of Units of the Trust.

The Offering

The price per Unit is $10 and the minimum purchase is 500 Units ($5,000).

Investment Objective and Strategy

The Trust's investment objective is to provide Holders with an investment return linked to the performance of the CSFB/Tremont Investable Hedge Fund Index ("Investable Index"). The return to the Holders and the Trust will be dependent upon the performance of the Investable Index by virtue of one or more forward agreements to be entered into by the Trust.

CSFB/Tremont Investable Hedge Fund Index The Investable Index is an asset-weighted sub-index of the CSFB/Tremont Hedge Fund Index, the most widely quoted hedge fund index in the world. The CSFB/Tremont Hedge Fund Index comprises ten hedge fund strategies, and the Investable Index is generally composed of the six largest hedge funds in each of these ten categories. At its launch in August 2003, the assets under management of the 60 constituent hedge funds were estimated to be US$ 60 billion.

Additional information regarding the Investable Index including construction rules, procedures and formulas, eligibility definitions and technical specifications, can be obtained from www.hedgeindex.com.

Management of the Trust

The manager of the Trust is Tremont Capital Management, Corp. (formerly Tremont Investment Management, Inc.), the Canadian subsidiary of Tremont Capital Management, Inc. (formerly Tremont Advisers, Inc.). Tremont Capital Management, Inc. is a global leader in the field of hedge fund investment management and research, providing full service investment management and advisory services to financial institutions, public and private pension funds, endowment funds, foundations and private family offices. Tremont Capital Management, Inc. employs approximately 90 professionals and staff in its Rye, New York, and Toronto, London and Bermuda offices and as of September 30, 2003, manages over US $9 billion in assets.

Agents

TD Securities Inc. and CIBC World Markets Inc. are co-leading the syndicate of agents that includes BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Dundee Securities Corporation, Desjardins Securities Inc., Canaccord Capital Corporation and First Associates Investments Inc.

Posting

A copy of the preliminary prospectus will be available online at www.sedar.com, from the Agents or through investors' local securities advisor.

Disclaimer

All rights of ownership in the CSFB/Tremont Investable Hedge Fund Index belong to Credit Suisse First Boston Tremont Index LLC ("CSFB/Tremont"), which the Trust is permitted to use under license with CSFB/Tremont. The Trust is not sponsored, endorsed, sold or promoted by CSFB/Tremont and CSFB/Tremont makes no representation or warranty, express or implied, to the owners of Trust units regarding the advisability of investing in the Trust or in securities in general. CSFB/Tremont makes no express or implied warranties or representations with respect to information contained in the Index or any documentation regarding the compilation or calculation of the Index or the results obtained by the use of the Index.