CSFB/Tremont hedge fund index was up 23.4% for 1999, according to Robert S. Sloan, CEO of Credit Suisse First Boston/Tremont. "The long-short equity funds delivered spectacular returns for their investors all year, said Mr. Sloan. The CSFB/Tremont long-short equity index was up 47.2% for the year, compared with the S&P 500 index rise of 19.5%. The CSFB/Tremont emerging market index also turned in excellent performance, up 44.8% for the year. It outperformed all other indexes for the month of December with a 15.3% increase and rose 30.7% for the quarter ended Dec. 31.