The bank's beta strategies group, a fiduciary quantitative index platform and part of the funds and alternative solutions business, will work with the professors development of alternative beta models designed to replicate the risk and return characteristics of hedge fund strategies and identification of alternative risk premiums.
Steve Smith, head of Credit Suisse's funds and alternative solutions business, told Hedge Fund News: "Our group has a longstanding tradition of providing clients with thought leadership and innovative investment solutions.
"Clients are seeking transparent investment methodology, increased liquidity and costs in line with existing alpha and beta products."
Professor Fung serves on the boards of various financial services companies and is visiting research professor of finance at the BNP Paribas Hedge Fund Centre at the London Business School.
Professor Hsieh is the Bank of America professor of finance at the Fuqua School of Business at Duke University, and professor Naik director of the BNP Paribas Hedge Fund Centre in London.