Credit Suisse/Tremont Hedge Fund Index Confirms July Performance up 2.54%, Year-to-Date Performance up 9.90%

NEW YORK--(Business Wire)--
Final performance for the Credit Suisse/Tremont Hedge Fund Index ("Broad Index")
is confirmed up 2.54% in July, according to Oliver Schupp, President of Credit
Suisse Index Co., Inc.

Mr. Schupp said, "The last time hedge funds posted stronger year-to-date
performance through July was 1998. The Credit Suisse/Tremont Hedge Fund Index is
up 9.90% year to date and Convertible Arbitrage continues to lead all sectors in
performance; the strategy returned 5.80% in July, bringing year-to-date
performance to 31.14%. As companies continue to look to the convertible market
as a preferred source of financing, many managers believe the opportunity set in
the space should remain strong." Schupp added, "Other notable sectors for the
month include Emerging Markets, which finished up 3.83%, as an increase in
foreign investment inflows and appreciating currencies helped bolster
performance in the space."

The Credit Suisse/Tremont Hedge Fund Index ("Broad Index") is the industry`s
premier asset-weighted hedge fund index. Unlike equal-weighted indices, the
Broad Index does not underweight top performers and overweight decliners to
provide the most accurate representation of the hedge fund universe.

Performance for the Broad Index and its ten sub-strategies is calculated
monthly. July, June and 2009 returns are listed below and are available at
www.hedgeindex.com.

Index July June
2009 2009 2009
Broad Index 2.54% 0.43% 9.90%
Convertible Arbitrage 5.80% 4.05% 31.14%
Dedicated Short Bias -7.26% -1.96% -17.28%
Emerging Markets 3.83% 0.69% 17.54%
Equity Market Neutral 1.79% -0.21% 2.91%
Event Driven 2.33% 1.02% 9.11%
Distressed 2.25% 1.44% 8.72%
Event Driven Multi-Strategy 2.41% 0.71% 9.34%
Risk Arbitrage 1.12% 0.89% 7.50%
Fixed Income Arbitrage 3.65% 1.83% 15.90%
Global Macro 1.78% -0.85% 5.24%
Long/Short Equity 2.99% -0.04% 11.45%
Managed Futures -0.43% -2.32% -7.82%
Multi-Strategy 2.99% 1.62% 15.65%
S&P 500 TRI Index* 7.56% 0.20% 10.97%
Dow Jones World Index* 8.61% -0.55% 16.87%
*Total Return Indices

The following eight funds are no longer reporting to the Broad Index: MD Sass
Re/Enterprise Fund, PM CAPITAL Absolute Performance Fund, Key Global Emerging
Markets, Viking Global Equities, Zebedee European Fund, Little Wing, L.P.,
Relative Value Opportunity Portfolio LLC, and MKP Partners Fund.

The following five funds have been added to the Credit Suisse/Tremont Hedge Fund
Index on July 1, 2009: AM Investment Fund - Volatility Arbitrage, Knighthead
Master Fund, IRIS Balanced Cell, Seminole, and BlackRock Health Sciences Master
Unit Trust.

The Broad Index is constructed using the Credit Suisse/Tremont database of more
than 5,000 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 USD 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, which ensures that 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 Broad Index is calculated as a total
return index on a monthly basis, adjusted for asset in- and outflows, including
a reselection according to the procedure outlined above, on a quarterly basis.

The Credit Suisse/Tremont family of hedge fund indices includes four separate
indices:

1. The Credit Suisse/TremontHedge Fund Index (the "Broad Index"), an asset-weighted benchmark that measures hedge fund performance

2. The AllHedge Index ("SECTAH"), an investable index comprised of all 10 Credit Suisse/Tremont Sector Invest indices weighted according to the sector weights of the Broad Index

3. The Blue Chip Index ("INVX"), an investable index comprised of the 60 largest funds across the ten style-based sectors in the Broad Index; and

4. The Specialty Indices, the first of which is the LEA Index, an asset-weighted, composite index which provides insight in to three specific regions of the emerging markets hedge fund universe (Latin America, EEMEA (Emerging Europe, Middle East and Africa) and Asia).

In accordance with the Blue Chip Index Rules (the "Index Rules"), and the Credit
Suisse/Tremont Sector Invest Indices Rules (the "Sector Invest Rules"), Credit
Suisse Tremont Index LLC is publishing the following notice:

The following funds are in a Special Rebalancing Situation: Akanthos Arbitrage
Fund, Ltd., Alexandra Global Investment Fund I, Ltd., Amber Fund (Cayman) Ltd.,
Ardsley Offshore Fund, Ltd., Argent Classic Convertible Arbitrage Fund Ltd.,
Basso Investors Ltd., Bay Harbour Partners, Ltd. Canyon Value Realization Fund
(Cayman), Ltd., Castlerigg International Limited, Compass Holdings Ltd., Context
Offshore Advantage Fund, Ltd., Davidson Kempner International Ltd, Deephaven
Global Multi-Strategy Fund, Drawbridge Global Macro Fund Ltd., Firebird Avrora
Fund Ltd, First Quadrant Global Macro Fund Ltd, GLG European Long Short Fund
Ltd, GLG Market Neutral Fund Ltd, Global Undervalued Securities Fund, Ltd.,
Gramercy Emerging Markets, Ltd., III Fund Ltd, Jayhawk China Fund (Cayman),
Ltd., Lansdowne Macro Fund Ltd, Longacre International Ltd, Mariner Atlantic
Ltd, NWI Explorer Global Fund Ltd., Owl Creek Overseas Fund Ltd, Permal Fixed
Income Special Opportunities Ltd., Platinum Grove Contingent Capital Offshore
Ltd., Plexus Fund Ltd., Ramius Multi-Strategy Fund Ltd., Seneca Capital
International, Ltd., Shepherd Investments International Ltd, Temujin
International Fund Ltd, WGTC Ltd and Zazove Offshore Hedged Convertible.

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

* Transparency via www.hedgeindex.com and pages on Bloomberg and Reuters
* 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., and Tremont Capital Management, Inc. Credit Suisse Tremont
Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629.

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Copyright © 2009, CREDIT SUISSE GROUP AG and/or its affiliates. All rights
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Bode Associates
Meg Bode, 516-869-6610
meg@bodeassociates.com
or
Credit Suisse
Suzanne Fleming, 212-325-7396
Corporate Communications
suzanne.fleming@credit-suisse.com
or
Credit Suisse Hedge Fund Index Investor Relations
hfindices.ir@credit-suisse.com

Copyright Business Wire 2009

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