CSFB Tremont made changes to its hedge fund index, replacing seven of the funds after its semiannual evaluation of each of the ten sectors.
The asset-weighted index added the funds on October 1, 2005, which include Akanthos Arbitrage, Avenue International, Drake, O’Connor Global Convertible Arbitrage, O’Connor Global Fundamental Market Neutral Long/Short, Thales and Winton.
“The new member funds and sector weights represent the dynamic changes of the hedge fund industry,” said Oliver Schupp, president of the CSFB Tremont Index.