Credit Suisse has launched an exchange-traded note which is designed to correlate to the historical performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index.
Credit Suisse says the exchange-traded approach offers a variety of advantages to investors, including real-time pricing, intraday liquidity and portfolio transparency.
The Credit Suisse Long/Short Liquid Index (Net) ETN does not invest directly in hedge funds and therefore does not have the risks usually associated with hedge funds such as illiquidity, fraud risk or individual manager risk.
