CSFB hedge fund tracker

Credit Suisse First Boston is rolling out a hedge fund index-tracking product aimed at the institutional market. The vehicle, Hedgefund Index Participations fund, will aim to track the CSFB/Tremont Hedge Funds index and will be listed on the Irish Stock Exchange. The product has no exit charges and no performance-based fees and is aimed at the pension fund market and other institutional investors. The CSFB/Tremont Hedge Fund index is made up of 369 hedge funds, as of 31 December 2001, and is calculated on a monthly basis. Roland Lorenzo, managing director at Credit Suisse First Boston,...