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2Q performance drives capital to highest level in 12 months; Investor outflows fall by nearly half over 1Q 
CHICAGO, (July 20, 2016) – Global hedge fund capital increased in 2Q16, recovering the decline from the prior quarter and rising above the year-end 2015 level to reach the 3rd highest quarterly capital total on record, 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 industry navigated volatility and dislocations related to Brexit in late 2Q to post asset gains for both 2Q and 1H16. Total hedge fund capital rose to $2.898 trillion as of June 30, an increase of $42.06 billion during the quarter, as the HFRI Fund Weighted Composite Index® gained +2.0 percent in 2Q.