Early View: Credit Suisse/Tremont Hedge Fund Index Estimated to Finish Up +2.67% in September

http://www.businesswire.com/news/home/20091008005751/en

NEW YORK--(Business Wire)--
Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index ("Broad
Index") will finish up +2.67% in September (based on 65% of assets reporting).

Long/Short Equity and Emerging Markets managers experienced another positive
month driven by equity market gains in September. At the end of the best quarter
since 1998 for the Dow Jones Index, which had a gain of nearly 15%, market
sentiment was bolstered by several positive macro indicators, such as an
increase in the Global Purchasing Managers` Index (PMI) that signaled expanding
manufacturing output and pointed to a continuing stabilization of global
economic activity. Inflation continued its moderate downward trend in the U.S.
and in the Organization for Economic Co-operation and Development (OECD)
countries, while central banks overall maintained low interest rates in the face
of a weak recovery. Many equity indices finished in positive territory, although
there were some late market corrections following reports of worse-than-expected
U.S. home sales.

A number of Global Macro quantitative managers had a positive month, driven by
long currency trades in the Yen and Euro and decreased FX volatility. Yield
curves did not move significantly and therefore front end positions had
relatively little impact on performance.

Credit-oriented managers in the Fixed Income Arbitrage and Event Driven sectors
had a positive month, with performance coming from mortgage-related bonds,
corporate bonds (especially financials), swap spread trades (which have been
normalization trades focusing on the narrowing in the spread between LIBOR rates
vs. Treasuries) and opportunities in government bond auctions.

Managed Futures also had another positive month, giving the strategy its third
positive month for the year, as many trend followers` models gained traction.
Equity Market Neutral managers were also up in September. The value factor
contributed positively to performance while factors such as momentum detracted
from performance.

Strategy Estimates

Index Sep-09 Aug-09 YTD
CS/Tremont Hedge Fund Index 2.67% 1.53% 14.56%
Convertible Arbitrage 3.33% 3.39% 40.11%
Dedicated Short Bias -5.53% -1.69% -23.17%
Emerging Markets 4.48% 1.06% 24.11%
Equity Market Neutral 1.04% 1.31% 5.34%
Event Driven 2.04% 2.17% 13.77%
Distressed 2.44% 2.12% 13.73%
Event Driven Multi-Strategy 1.85% 2.23% 13.84%
Risk Arbitrage 0.61% 0.95% 9.20%
Fixed Income Arbitrage 2.94% 2.38% 22.16%
Global Macro 2.71% 0.86% 9.02%
Long/Short Equity 3.35% 1.42% 16.80%
Managed Futures 3.23% 0.92% -3.98%
Multi-Strategy 2.21% 1.43% 19.90
MSCI World 3.81% 3.91% 22.47%
Barclays Capital Aggregate Bond Index 2.14% 1.76% 7.85%
DJ-UBS Total Return Commodities Index 1.57% -0.58% 9.06%

Estimates are based on 65% of assets reporting; final September performance will
be published October 15th on Bloomberg and online at www.hedgeindex.com. For a
complete description of the Credit Suisse/Tremont Hedge Fund Index, please see
the index rules available at www.hedgeindex.com.

Credit Suisse Tremont Index LLC is the joint venture company of Credit Suisse
Index Co., Inc., a subsidiary of Credit Suisse Co., Inc., and Tremont Group
Holdings, Inc. Credit Suisse Tremont Index LLC 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.

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Certain information contained in this document constitutes "Forward-Looking
Statements" (including observations about markets and industry and regulatory
trends as of the original date of this document), which can be identified by the
use of forward-looking terminology such as "may", "will", "should", "expect",
"anticipate", "target", "project", "estimate", "intend", "continue" or
"believe", or the negatives thereof or other variations thereon or comparable
terminology. Due to various risks and uncertainties beyond our control, actual
events, results or performance may differ materially from those reflected or
contemplated in such forward-looking statements. Readers are cautioned not to
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Copyright © 2009, CREDIT SUISSE GROUP AG and/or its affiliates. All rights
reserved.

* All data was obtained from publicly available information, internally
developed data and other third party sources believed to be reliable. Credit
Suisse has not sought to independently verify information obtained from public
and third party sources and makes no representations or warranties as to
accuracy, completeness or reliability of such information.

Bode Associates
Meg Bode, 516-869-6610
meg@bodeassociates.com

Copyright Business Wire 2009