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Hedge Fund Index Products Planned

Credit Suisse First Boston of New York and Tremont Advisors of Rye, N.Y. are teaming up to create a series of hedge fund indexes and products to go along with them.

Credit Suisse First Boston Index Co., a CSFB subsidiary, and Tremont are creating Credit Suisse First Boston Tremont Index LLC. The first index, the CSFB Tremont Hedge Fund Index, will be launched in October and will be followed by several sub-indices, according to a spokesperson for the joint venture.

Company officials say that the first products based on the indices will be introduced next year. The spokesperson declined to specify what these products might be.