Credit Suisse, Dow Jones Strike Deal On Hedge-Fund Indexes

Credit Suisse Group (CS, CSGN.VX) and Dow Jones Indexes signed an agreement on hedge-fund indexes that will create the Dow Jones Credit Suisse Hedge Fund Indexes.

Financial terms weren't disclosed.

The indexes, formerly known as the Credit Suisse/Tremont Hedge Fund Indexes, will be calculated, marketed and distributed by Dow Jones Indexes. Credit Suisse affiliates will continue to manage the financial products linked to the indexes. The companies plan to keep methodologies and rules for each of the existing indexes "consistent with past practices."

The family of 17 indexes include broad-market and investable indexes that are designed to track hedge-fund performance.

Dow Jones Indexes will discontinue its existing hedge-fund indexes on June 30, and Credit Suisse said its joint venture with Tremont Capital Management Inc. "has been dissolved."

A 90% stake in Dow Jones Indexes was sold by Dow Jones--publisher of this newswire--to CME Group Inc. (CME) earlier this year, valuing Indexes at $675 million.

-By Nathan Becker, Dow Jones Newswires; 212-416-2855; [e-mail]