CSFB/Tremont Introduces New Hedge Index

August 14, 2003 (PLANSPONSOR.com) - The CSFB/Tremont Investable Hedge Fund Index, comprised of 60 funds across 10 style-based sectors, has been launched.

The new index is derived from the CSFB/Tremont Hedge Fund Index, according to a news release. The funds in the CSFB/Tremont Investable Index, selected from the 448 funds included in the broader index, generally comprise the six largest funds that are open to investment and meet certain liquidity conditions in certain style-based sectors:

  • Convertible Arbitrage
  • Dedicated Short Bias
  • Emerging Markets
  • Equity Market Neutral
  • Event Driven
  • Fixed Income Arbitrage
  • Global Macro
  • Long/Short Equity
  • Managed Futures
  • Multi-Strategy.  

The CSFB/Tremont Investable Hedge Fund Index is designed to give investors broad exposure to hedge funds as an asset class. At launch, on August 1, 2003, the aggregate assets under management for the 60 index constituents totaled approximately $55 billion.