An exchange-traded note from Credit Suisse is designed to replicate the performance of the equity long-short strategy pursued successfully by many hedge funds. The Credit Suisse Long/Short Liquid Index ETN seeks to mirror returns of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index. Because the investment is structured as a note, its credit risk is determined by the financial strength of Credit Suisse. The ETN's management fee is 0.45%, and it trades on NYSE Arca.
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