Credit Suisse First Boston's hedge fund investments group announced Wednesday that it had introduced five funds of hedge funds.
The five fund strategies, registered with the Securities and Exchange Commission, are multistrategy, long-short equity, relative value, tactical trading, and event-driven. A tax-exempt and taxable feeder fund is available for investing in each strategy.
The CSFB hedge fund investments group manages about $9 billion of assets with a team of 75. Jim Vos, a 20-year veteran of CSFB who started the group in 1998, is its manager.
Credit Suisse First Boston's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, and venture capital.
