The Credit Suisse/Tremont Hedge Fund Index value is 390.53 returning 290.53% for the 157-month period since inception (January 1, 1994 through January 31, 2007).

For additional current and historical data including more comparisons with other widely followed global indices, visit the Credit Suisse/Tremont Hedge Fund Index web site at www.hedgeindex.com.

The Credit Suisse/Tremont Hedge Fund Index is comprised of 439 funds as of January 31, 2007. The following funds no longer report to the Credit Suisse/Tremont Hedge Fund Index: Veritas High Yield Arbitrage Fund, Cambrian Incremental Fund. The following funds have been added to the Credit Suisse/Tremont Hedge Fund Index: Argo Global Special Situations Fund, Sorin Fund, New Star European Hedge Fund Ltd., Tantallon Fund, Dialectic Capital Management, Lazard European Explorer Master Fund LP, Miramar Asset Management LLC and EnTrust Capital.

The Index is constructed using the Credit Suisse/Tremont database of more than 4,500 hedge funds. It includes both open and closed funds located in the U.S. and offshore, but does not include fund of funds. 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. That 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 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.

The Credit Suisse/Tremont Investable Hedge Fund Index was launched with 60 funds and was set at a value of 100 on August 1, 2003. The funds currently included in the index are available on the website at www.hedgeindex.com. 

The Credit Suisse/Tremont Investable Hedge Fund Index is designed to give investors broad exposure to hedge funds as an asset class.  It fulfills investor demand for index-linked products created to reduce dependency on fund manager selection and fund concentration risk.

The Credit Suisse/Tremont Investable Hedge Fund Index is based on the broad Credit Suisse/Tremont Hedge Fund Index, which is the largest hedge fund index with approximately $489 billion in assets managed by 439 funds as of January 31, 2007.

The funds in the Credit Suisse/Tremont Investable Index or the Credit Suisse/Tremont Sector Invest Indices are selected from the funds included in the Credit Suisse/Tremont Hedge Fund Index. The Credit Suisse/Tremont Investable Hedge Fund Index and the Credit Suisse/Tremont Sector Invest Index comprise the largest funds that are open to investment and meet certain liquidity conditions in each of the 10 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 Hedge Fund Index by 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
• Member funds must provide timely performance reporting, audited financials and offering memorandum review for inclusion

Additional features of the Credit Suisse/Tremont Index series include:

• Transparency via www.hedgeindex.com and pages on Bloomberg and Reuters, Wall Street Journal Asia and Europe.
• A broad suite of index-linked investment products through Credit Suisse

Credit Suisse Tremont Index, LLC 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.