New hedge fund index from CSFB

Credit Suisse First Boston is rolling out a hedge fund index tracking product aimed at the institutional market.

The vehicle, called the Hedgefund Index Participations Fund, will aim to track the CSFB/Tremont Hedge Funds Index and will be listed on the Irish Stock Exchange in Dublin. 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 Decemb