Long/Short Equity Managers Post Highest Third Quarter Returns Since 2005 According to Credit Suisse Alternative Index Replication ("AIR") Indices

http://www.businesswire.com/news/home/20091005005978/en

NEW YORK--(Business Wire)--
Long/Short Equity hedge funds ended the third quarter in positive territory as
improving global macroeconomic data continued to suggest an economic recovery,
according to Jordan Drachman, Head of Research for Alternative Beta Strategies
at Credit Suisse.

Dr. Drachman noted, "September marked yet another positive month for Long/Short
Equity hedge funds as managers posted their highest third quarter returns in
four years. Not surprisingly, the majority of gains came from the long side of
their books as managers continue to capitalize on global equity rallies. The
Credit Suisse Long/Short Equity Replication Index ("AIR Long/Short Equity
Index") was up 1.02% (net) for the month, finishing up 4.60% for the third
quarter. The Credit Suisse Global Macro Replication Index ("AIR Global Macro
Index"), on the other hand, finished down 0.18% (net) in September, returning
-0.07% in the third quarter."

AIR Indices seek to replicate the performance of major hedge fund strategies and
enable investors to gain liquid, transparent insight into the Global Macro and
Long/Short Equity sectors of the Credit Suisse/Tremont Hedge Fund Index. The AIR
platform also offers inverse indices that seek to approximate short exposure to
the aggregate returns of the universe of Long/Short Equity and Global Macro
hedge fund managers.

Performances for the AIR Global Macro and Long/Short Equity Indices (shown
below) are calculated daily and shown net of a 1.15% per annum calculation fee.
Performance, descriptions, statistics and downloadable price history can be
found on the Credit Suisse Alternative Beta website,
www.credit-suisse.com/alternativebeta.

Sep-09 Aug-09 3rd Quarter 09 YTD through Aug-09
AIR Global Macro (Net) -0.18% 0.08% -0.07 2.19%
Credit Suisse/Tremont Global Macro Hedge Fund Index N/A* 0.86% N/A 6.15%
AIR Long/Short Equity (Net) 1.02% 1.55% 4.60% 9.40%
Credit Suisse/Tremont Long/Short Equity Hedge Fund Index N/A* 1.42% N/A 13.03%
S&P 500 TRI Index** 3.73% 3.61% 15.60% 14.97%
Dow Jones World Index** 4.42% 3.79% 17.71% 21.30%

* September performance will be published October 15th on Bloomberg and online
at www.hedgeindex.com

** Total Return Indices

Additional features of the AIR Long/Short Equity and Global Macro Indices
include:

* AIR Indices seek to capture the risk/return characteristics of specific hedge
fund sectors
* Indices are valued daily and are comprised of liquid, investable market
factors that are selected and weighted using an objective and transparent
rules-based methodology
* An algorithm determines the appropriate factors and weightings to employ in
seeking to replicate the returns of specific hedge fund strategies
* Transparency via website (www.credit-suisse.com/alternativebeta) and pages on
Bloomberg

Credit Suisse Alternative Capital, Inc. is a subsidiary of Credit Suisse and is
headquartered at 11 Madison Avenue, New York, NY 10010-3629.

Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with
private banking, investment banking and asset management services worldwide.
Credit Suisse offers advisory services, comprehensive solutions and innovative
products to companies, institutional clients and high-net-worth private clients
globally, as well as retail clients in Switzerland. Credit Suisse is active in
over 50 countries and employs approximately 46,700 people. Credit Suisse is
comprised of a number of legal entities around the world and is headquartered in
Zurich. The registered shares (CSGN) of Credit Suisse's parent company, Credit
Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New York. Further information about Credit Suisse can
be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad
spectrum of investment classes, including alternative investments such as
private equity, hedge funds, real estate and credit, as well as multi asset
class solutions, which include equities and fixed income products. Credit
Suisse`s Asset Management business manages portfolios, mutual funds, and other
investment vehicles for a broad spectrum of clients ranging from governments,
institutions and corporations to private individuals. With offices focused on
asset management in 21 countries, Credit Suisse`s Asset Management business is
operated as a globally integrated network to deliver the bank`s best investment
ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements;
certain products and services may not be available in all jurisdictions or to
all client types.

Credit Suisse,
Tamsin Chance, Corporate Communications, 212-325-1863,
tamsin.chance@credit-suisse.com

Copyright Business Wire 2009