New Credit Suisse ETN Gives Retail Investors Access to Hedge Fund Strategies
Tuesday, February 23rd, 2010Jim Trippon submits:
The Credit Suisse Long/Short Liquid Index ETN debuted on Monday February 22nd under the ticker “CSLS.” CSLS looks to be another exchange traded offering that gives retail investors exposure to hedge fund strategies and will track the Credit Suisse Tremont Long/Short Equity Hedge Fund Index, which was formed by Credit Suisse Alternative Capital in 2009.
The Target Index that CSLS will monitor was comprised of 153 hedge funds as of January 29th and focuses on funds with a minimum of $50 million in assets under management. Managers of the funds tracked by the Target Index can shift between long and short positions as well as moving from value to growth postures or vice versa. They can also use equity futures and options as methods of generating alpha.
