Credit Suisse First Boston and Tremont Capital Management announced last week that they have launched an Investable Hedge Fund Index, based on the CSFB/Tremont Hedge Fund Index.
In a statement released on Thursday, the firms revealed that the 60 funds contained within the Investable Index are selected from the 448 funds included in the broader index, and generally comprise the 6 largest funds that are open to investment and meet liquidity requirements in 10 style-based sectors.
Speaking last week, president of Credit Suisse First Boston Tremont Index LLC, Oliver Schupp explained that: 'This is our first investable hedge fund index,' continuing:
'We have developed a rigorous rules-based selection methodology that conforms to the construction concepts of more traditional equity indices. With our long-term experience in the hedge fund index area, we have constructed an investable index of 60 member funds from the CSFB/Tremont Hedge Fund Index through the application of these rules.'
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