Credit Suisse/Tremont launches AllHedge Index

Date: Thursday, November 8, 2007
Author: James Langton, Investment Executive

The Credit Suisse/Tremont Hedge Fund Index Group announced today that it has launched a new investible hedge fund index derived from the group’s market leading Credit Suisse/Tremont Hedge Fund Index.

The new index is designed to provide investors with a highly diversified asset-weighted investible indicator by providing access to a broad selection of funds in the Sector Invest Indices.

The funds in the new index are selected from the funds included in the Credit Suisse/Tremont Sector Invest Indices, weighted according to the Credit Suisse/Tremont Hedge Fund Index, comprised of the largest funds that are open to investment, and meet certain liquidity constraints in each of the 10 style-based sectors.

The fund selection rules include: the funds are selected on an asset-based formula; they generally represent the largest eligible “open” funds in each of the 10 sectors; the funds are determined by application of the construction rules; and, funds must provide timely performance reporting, audited financials and offering memorandum review for inclusion.