The Credit Suisse/Tremont Hedge Fund Index Group has added another investable hedge fund index to its product mix. 

The new Credit Suisse/Tremont AllHedge Index is derived from the group's Credit Suisse/Tremont Hedge Fund Index and includes funds from the Credit Suisse/Tremont Sector Invest Indices. According to the firm, the funds selected represent the largest eligible “open” funds in each of the 10 hedge fund sectors and provide timely performance reporting, audited financials and an offering memorandum review.

“AllHedge represents the overall performance of the hedge fund universe found in our Sector Invest Indices through a rules-based methodology that follows the sector weights of the Broad Index,” said Oliver Schupp, president of Credit Suisse Index Co.