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CHICAGO, (September 11, 2015) – Hedge funds focused on investments in Emerging Markets posted steep performance declines over the previous three months as regional equity and currency markets fell dramatically, driven in part by the devaluation of the Chinese Yuan by the Chinese Central Bank. The HFRI Emerging Markets Index fell -4.5 percent in August, extending the three month performance drawdown to -9.2 percent, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR? the established global leader in the indexation, analysis and research of the global hedge fund industry. Total hedge fund capital invested in Emerging Markets fell through August end to $185 billion (1.18 trillion RMB, 12.1 trillion Russian Rouble, 663 billion Brazilian Real, 694 billion Saudi Riyal, 12.2 trillion Indian Rupee). This follows a period when EM hedge fund capital rose to a record of $198 billion through mid-year 2015.