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Credit Suisse Liquid Alternative Beta ("LAB") Index Flat in May



       Credit Suisse Liquid Alternative Beta ("LAB") Index Flat in May

PR Newswire

NEW YORK, June 4, 2013

NEW YORK, June 4, 2013 /PRNewswire/ -- The Credit Suisse LAB Index was flat in
May according to Dr. Jordan Drachman, Head of Alternative Beta Strategies at
Credit Suisse.

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

Dr. Drachman noted, "The Credit Suisse Liquid Alternative Beta Index
("CSLAB"), which aims to reflect the performance of the overall hedge fund
industry, finished flat in May. The Merger Arbitrage strategy was the
strongest performer for the month, finishing up 1.25% in May."

Performance for the LAB indices is shown below. Research, performance,
descriptions, statistics and downloadable index performance history can be
found online at www.credit-suisse.com/lab or on Bloomberg at <ILAB>.

                                             May 2013 Apr 2013 YTD 2013
Credit Suisse Liquid Alternative Beta Index  0.00%    1.11%    3.30%
Credit Suisse Event Driven Liquid Index      0.23%    0.93%    4.59%
Credit Suisse Global Strategies Liquid Index -0.21%   0.86%    3.04%
Credit Suisse Long/Short Liquid Index        0.48%    2.43%    2.55%
Credit Suisse Merger Arbitrage Liquid Index  1.25%    -0.47%   5.50%
Credit Suisse Managed Futures Liquid Index   -0.43%   2.01%    5.43%

About LAB Indices
The LAB series of indices seek to replicate the aggregate return profiles of
hedge fund strategies using liquid, tradable instruments. LAB indices are
priced daily and constructed using an objective and transparent rules-based
methodology, making them ideal candidates for index-linked products.

The LAB series includes six separate indices which are distinguishable in
terms of their level of granularity, reflecting the belief that the various
strategies within the hedge fund industry are exposed to different risks and
as such need to be modeled separately:

 1. The Credit Suisse Long/Short Liquid Index which seeks to reflect the
    return of hedge funds as represented by the Long/Short Equity sector of
    the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABLS;
 2. The Credit Suisse Event Driven Liquid Index seeks to reflect the return of
    hedge funds as represented by the Event Driven sector of the Dow Jones
    Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABED;
 3. The Credit Suisse Global Strategies Liquid Index seeks to reflect the
    return of all remaining hedge fund strategies not defined as Long/Short or
    Event Driven, Bloomberg ticker, CSLABGS;
 4. The Credit Suisse Liquid Alternative Beta Index seeks to reflect the
    return of the overall hedge fund industry, as represented by the Dow Jones
    Credit Suisse Hedge Fund Index, by combining the Long/Short, Event Driven
    and Global Strategies Liquid Index models, Bloomberg ticker, CSLAB;
 5. The Credit Suisse Merger Arbitrage Liquid Index seeks to gain broad
    exposure to the Merger Arbitrage strategy using a pre-defined quantitative
    methodology to invest in a liquid, diversified and broadly representative
    set of announced merger deals, Bloomberg ticker, CSLABMA; and
 6. The Credit Suisse Managed Futures Liquid Index seeks to gain broad
    exposure to the Managed Futures strategy using a pre-defined quantitative
    methodology to invest range of asset classes including: equities, fixed
    income, commodities and currencies, Bloomberg ticker, CSLABMF.

The LAB indices are benchmarked to the market-leading Dow Jones Credit Suisse
Hedge Fund Indexes. As the industry's premier asset-weighted hedge fund
indexes, the Dow Jones Credit Suisse Hedge Fund Index platform consists of a
range of geographical and strategy-specific hedge fund indexes that are
constructed from a proprietary database of more than 9,000 hedge funds which
seeks to provide the most accurate representation of the hedge fund universe.
Additional information about the Dow Jones Credit Suisse Hedge Fund Indexes --
including research, fund performance and constituent fund information -- can
be found at www.hedgeindex.com.

Credit Suisse Asset Management, LLC is a subsidiary of Credit Suisse and is
headquartered at 1 Madison Avenue, New York, NY 10010-3629.

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 47,400 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.

Important Legal Information
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 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.

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.

Copyright © 2013 CREDIT SUISSE GROUP AG and/or its affiliates.  All rights
reserved.

SOURCE Credit Suisse AG

Website: http://www.credit-suisse.com
Contact: Katherine Herring, Corporate Communications, Credit Suisse, +1 212
325 7545, katherine.herring@credit-suisse.com
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