CSFB plans hedge fund benchmarks

A series of benchmarks for the hedge fund industry is being planned by a joint venture between Credit Suisse First Boston (CSFB) Index and Tremont Advisers The CSFB Tremont Hedge Fund Index, a capital-weighted index, will be launched in early October and will be followed by a series of sub-indices that will be based on a range of different investment strategies and styles The indices will be constructed using the TASS+ database of 2,600 hedge funds Robert Sloan, managing director at CSFB, said: "We believe that investors, fund managers and the media worldwide will embrace an accurate, rel...