Credit Suisse Alternative Index Replication Releases Mid-Month Returns for December

Business Wire, Dec 16, 2008

Credit Suisse Long/Short Equity Replication Index (Net) Up 4.13% for the month through December 12th

Credit Suisse Inverse Long/Short Equity Replication Index (Net) Down 4.47% for the month through December 12th

NEW YORK -- The Credit Suisse Long/Short Equity Replication Index ("AIR LOSHO Index") was up 4.13% net for the month through December 12 according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr. Drachman said, "Although the market environment continues to be challenging for hedge funds as volatile equity markets persist, December has so far been a promising month for hedge funds in the long/short equity sector. Through mid-December, the Credit Suisse Long/Short Equity Replication Index is up 4.13% net." Dr. Drachman went on to say "The Index is able to offer investors insight into the performance of the common factors driving the Long/Short Equity sector of the hedge fund universe. Conversely, the Credit Suisse Inverse Long/Short Equity Replication Index is down 4.47% net December month-to-date." The AIR LOSHO Index seeks to track the Long/Short Equity sector of the benchmark Credit Suisse/Tremont Hedge Fund Index.

Performance for the AIR LOSHO Indices are calculated daily and shown net of a 1.15% per annum calculation fee. Returns are listed below.

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The AIR LOSHO Index reflects the return of a dynamic basket of liquid, investable market factors selected and weighted in accordance with an algorithm that aims to approximate the aggregate returns of the universe of long/short equity hedge fund managers.

The Inverse AIR LOSHO Index reflects the return of a dynamic basket of liquid, investable market factors selected and weighted in accordance with an algorithm that aims to approximate the aggregate returns of short exposure to the universe of long/short equity hedge fund managers.

Additional features of the Credit Suisse Long/Short Equity Replication Indices include:

* Transparency via pages on Bloomberg

Credit Suisse Alternative Capital, Inc. is a subsidiary of Credit Suisse and is headquartered at 11 Madison Avenue, New York, NY 10010-3629.

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