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New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into November Hedge Fund Performance



 New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into
                       November Hedge Fund Performance

PR Newswire

NEW YORK, Dec. 21, 2012

NEW YORK, Dec. 21, 2012 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund
Index finished up 0.64% in November. A new monthly commentary offers insight
into hedge fund performance through the month of November. Some key findings
from the report include:

  o Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index,
    finished November up 0.64%, with 9 out of 10 strategies in positive
    territory;
  o In total, the industry saw estimated outflows of approximately $1.3
    billion in November, bringing overall assets under management for the
    industry to approximately $1.76 trillion;
  o The Fixed Income Arbitrage and Equity Market Neutral sectors experienced
    the largest asset inflows on a percentage basis, with inflows in November
    equal to 2.64% and 1.06% of the October 2012 levels, respectively;
  o Event Driven funds generally sustained positive performance in November.
    Contributors for the month were a diversified mix of long positions from
    credit strategies, namely stressed and distressed names, as well as
    special situation equities, and risk arbitrage; and
  o Long/Short Equity funds finished November in positive territory, though
    the first half of the month was poor for equity markets, driven by
    continued weak earnings numbers and some mixed economic data. Return
    drivers for the month for managers included Consumer Discretionary and
    Staples exposure, European Banks exposures, and select Health Care
    exposure.

(Logo:  http://photos.prnewswire.com/prnh/20091204/CSLOGO )

Industry commentaries and publications are available in the "News" section of
our website, www.hedgeindex.com. Click here to view the full report which
includes an overview of November hedge fund performance, in-depth commentary
on individual hedge fund sectors and hedge fund return dispersion statistics
for each strategy.

About S&P Dow Jones Indices

S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the
world's largest, global resource for index-based concepts, data and research.
Home to iconic financial market indicators, such as the S&P 500® and the Dow
Jones Industrial Average, S&P Dow Jones Indices LLC has over 115 years of
experience constructing innovative and transparent solutions that fulfill the
needs of institutional and retail investors. More assets are invested in
products based upon our indices than any other provider in the world. With
over 830,000 indices covering a wide range of assets classes across the globe,
S&P Dow Jones Indices LLC defines the way investors measure and trade the
markets. To learn more about our company, please visit www.spdji.com.

About Credit Suisse AG

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers
and is part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer
clients its expertise in the areas of private banking, investment banking and
asset management from a single source. Credit Suisse provides specialist
advisory services, comprehensive solutions and innovative products to
companies, institutional clients and high net worth private clients worldwide,
and also to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50 countries worldwide. The group employs
approximately 48,400 people. The registered shares (CSGN) of Credit Suisse's
parent company, Credit Suisse Group AG, are listed in Switzerland and, in the
form of American Depositary Shares (CS), in New York. Further information
about Credit Suisse can be found at www.credit-suisse.com

Copyright © 2012, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights
reserved.

Source: Credit Suisse Asset Management, LLC, 2012.

Certain information contained in this document constitutes "Forward-Looking
Statements" (including observations about markets and industry and regulatory
trends as of the original date of this document), which can be identified by
the use of forward-looking terminology such as "may", "will", "should",
"expect", "anticipate", "target", "project", "estimate", "intend", "continue"
or "believe", or the negatives thereof or other variations thereon or
comparable terminology. Due to various risks and uncertainties beyond our
control, actual events, results or performance may differ materially from
those reflected or contemplated in such forward-looking statements. Readers
are cautioned not to place undue reliance on such statements. Credit Suisse
has no obligation to update any of the forward-looking statements in this
document.

This document was produced by and the opinions expressed are those of Credit
Suisse as of the date of writing and are subject to change without obligation
to update. It has been prepared solely for information purposes and for the
use of the recipient. It does not constitute an offer or an invitation by or
on behalf of Credit Suisse to any person to buy or sell any security. Any
reference to past performance is not a guide or indicator to future
performance. The information and analysis contained in this publication have
been compiled or arrived at from sources believed to be reliable but Credit
Suisse does not make any representation as to their accuracy or completeness
and does not accept liability for any loss arising from the use hereof.

Dow Jones® and Dow Jones Credit Suisse Hedge Fund Indexes are trademarks of
Dow Jones Trademark Holdings LLC ("Dow Jones"), and Credit Suisse Group AG, as
the case may be, and have been licensed for use by Credit Suisse Index Co.,
LLC and S&P Dow Jones Indices LLC and its affiliates ("S&P Dow Jones
Indices"). STANDARD & POOR'S® and S&P® are registered trademarks of Standard &
Poor's Financial Services LLC. Investment products based on the Dow Jones
Credit Suisse Hedge Fund Indexes are not sponsored, endorsed, sold or promoted
by Dow Jones, S&P Dow Jones Indices or their respective affiliates and none of
Dow Jones, S&P Dow Jones Indices and their respective affiliates make any
representation regarding the advisability of investing in such products. 
Inclusion of a hedge fund or a company in any of these indexes does not in any
way reflect an opinion of Dow Jones, S&P Dow Jones Indices or any of their
respective affiliates on the investment merits of such fund or company. None
of Dow Jones, S&P Dow Jones Indices or any of their respective affiliates is
providing investment advice in connection with these indexes.

SOURCE Credit Suisse AG

Website: http://www.credit-suisse.com
Contact: Press, Katherine Herring, Corporate Communications, Credit Suisse,
+1-212-325-7545, katherine.herring@credit-suisse.com; Dave Guarino, S&P Dow
Jones Indices, +1-212-438-1471, dave_guarino@spdji.com
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