Credit Suisse and Dow Jones Indexes have signed an agreement which covers the calculation, licensing, branding and marketing of the hedge fund indexes formerly known as the Credit Suisse/Tremont Hedge Fund Indexes.

Under this agreement, the indexes will be branded Dow Jones Credit Suisse Hedge Fund Indexes, and Dow Jones Indexes will calculate, distribute and market the indexes, while Credit Suisse affiliates will continue to manage the financial products linked to them.

Credit Suisse and Dow Jones Indexes intend to keep the methodologies and rules for each of the existing indexes consistent with past practices.

Credit Suisse said current operational and managerial team will remain in place, with Oliver Schupp as president of Credit Suisse Index. Dow Jones Indexes will discontinue its existing hedge fund indexes as of June 30, 2010. The joint venture between Credit Suisse and Tremont Capital Management has also been dissolved.

The Dow Jones Credit Suisse Hedge Fund Indexes are a family of hedge fund indexes which include broad market and investable indexes, all designed to track hedge fund performance. The indexes are constructed from a database of more than 5,000 hedge funds. The index family presently consists of 17 indexes, including a range of geographical and strategy-specific hedge fund indexes, and is expected to expand over time.

Mr Schupp said: “For over a decade, Credit Suisse has been at the forefront of the hedge fund industry, providing investors with important tools and benchmarks to analyze hedge fund performance. This collaboration merges the hedge fund expertise of Credit Suisse with the technology and distribution strengths of Dow Jones Indexes and we are eager to work with them in our continued efforts to develop industry-leading benchmarks and innovative alternative investment solutions.”