CSFB/Tremont Index have rebalanced the CSFB/Tremont Investable Hedge Fund Index for a third time.
The rebalancing resulted in the addition and removal of eight funds. The funds that were added include Advent Convertible Arbitrage, Black Diamond, Davidson Kempner International, Epoch Overseas, Halcyon Offshore, Orbis Optimal, Sagamore Hill, and Value Partners.
As of 1 April 2005, the aggregate assets under management of the Investable Index constituents were approximately $113 billion.
“The Investable Index continues to grow in its representation of the hedge fund industry with the addition of these funds,” says Oliver Schupp, President of CSFB Tremont Index LLC. “The new member funds solidify our Investable Index constituents with many of the largest hedge funds in each sector.”