---

CHICAGO, (October 20, 2015) – Total global hedge fund capital posted the largest decline since the Financial Crisis in the third quarter, as global financial market volatility surged on uncertainty over US interest rates, China and M&A transactions. Estimated hedge fund capital declined by $95 billion across all strategy areas to end the quarter at $2.87 trillion, as new investor capital inflows only partially offset performance-based declines, according to the latest HFR Global Hedge Fund Industry Report, released today by HFR? the established global leader in the indexation, analysis and research of the global hedge fund industry. The quarterly asset decline is the first since 2Q12 and the largest since 4Q08.