WEST PALM BEACH, FL (HEDGECO.NET) – CSFB has announced that products linked to the CSFB/Tremont Hedge Fund Index have experienced a significant growth in assets. According to a new press release,such assets will reach US $2 billion on June 1, through the sale of index-linked products.
Commenting on such asset growth, Oliver Schupp, President of CSFB Tremont Index LLC said, �Exceeding the $2 billion mark is further proof of the acceptance of the CSFB/Tremont Investable Hedge Fund Index as a liquid and diversified market barometer of the hedge fund universe,� Schupp added.
In his comment, Anthony Pesco, head of the Fund-Linked Products Group at CSFB said, �Our wide array of index-linked products now includes tailor-made products to meet the investment needs of institutions, additionally; our certificates listed on the Swiss stock exchange are becoming increasingly popular with individual investors.� According to the press release, investable vehicles tracking the CSFB/Tremont index are available throughout Europe as well as in Asia. The CSFB index opened with about 60 funds, utilizing 10-based sectors. The index provides exposure to hedge funds, and its performance is calculated on a monthly basis.
Earlier this year, Credit Suisse First Boston said it is planning to increase its hedge fund operations significantly according to a Reuter�s news report. The company will increase its hedge fund clients by about 50% over the next three years. According to Phillip Vasan, head of Global Prime Services at CSFB, the firm will increase its hedge fund servicing operations, hoping to grow with the hedge fund industry. Vasan said, �CSFB aims to be world-class in providing essential services to hedge funds, from prime brokerage to securities lending, and to distinguish ourselves…� according to him.
CSFB/Tremont Index is jointly operated and owned by CSFB Index Co. Inc, and the Tremont Capital Management, Inc. Further information can be obtained from the official index website at www.hedgeindex.com.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
Be sure to check out our sister sites. www.hedgefundlounge.com, www.hedgefundtools.com, and www.hedgefundemployment.com.
