Credit Suisse Alternative Index Replication (“AIR”) Releases February

Credit Suisse Alternative Index Replication (“AIR”) Releases February
Returns
Credit Suisse Long/Short Equity Replication Index (Net) Down 1.27% in February
Credit Suisse Inverse Long/Short Equity Replication Index (Net) Up 1.06% in February
New York, March 3, 2009 The Credit Suisse Inverse Long/Short Equity Replication Index (“AIR
LOSHO Index”) was up 1.06% net in February according to Jordan Drachman, Head of Research for
Alternative Beta Strategies at Credit Suisse.
Dr. Drachman noted, “In an environment where the S&P 500 was down approximately 11% in February, hedge
funds showed relative decorrelation. By providing hedge fund-like returns, the AIR LOSHO Index was down
only 1.27% for the month. Early estimates for the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index
also point towards a modest negative return. In this challenging market environment, the Inverse AIR LOSHO
Index was up 1.06%. By providing inverse hedge fund-like returns, the Inverse AIR LOSHO Index is able to
offer investors insight into the performance of short exposure to the common factors driving the Long/Short
Equity sector of the hedge fund universe.” The AIR LOSHO Index seeks to track the Long/Short Equity sector
of the benchmark Credit Suisse/Tremont Hedge Fund Index.

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