The ETN seeks to replicate the performance of the Long/Short Equity hedge fund sector as represented by the Credit Suisse Long/Short Liquid Index . This index, part of the firm’s Liquid Alternative Beta series, reflects the returns of 18 liquid, investable market factors selected and weighted monthly in accordance with an algorithm that aims to track the performance of the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index.

The ETN’s investment performance therefore depends on that of the underlying Credit Suisse Long/Short Liquid Index , not the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index.  

“Credit Suisse/Tremont was a pioneer in the measurement of alternative beta over a decade ago and we are now leveraging this expertise to meet the growing demand for liquid, cost-efficient, alternative products. We look forward to launching additional ETNs on other alternative strategies in the near future,” said Michael Clark, head of structured retail products at Credit Suisse's investment bank.