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EMERGING MARKETS HEDGE FUND ASSETS POST STEEP DECLINE IN JANUARY, REVERSING 2015 GAINS 
Investors cautious on both strategic, structural risks as EM volatility spikes;
4Q15 performance gains overshadowed by early ’16 losses 
CHICAGO, (February 25, 2016) – Emerging markets hedge funds posted steep declines to begin 2016, as concerns about slowing growth and weakening currency in China, falling energy prices, and geopolitical risk precipitated a steep drop in risky assets globally. The HFRI Emerging Markets Index fell -5.4 percent in January, following a +2.2 percent return in 4Q 2015. The index declined –3.2 percent for full year 2015, according the latest HFR Asian and Emerging Markets Industry Reports, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total Emerging Markets hedge fund capital declined by $8.5 billion in January to $182 billion, erasing the FY 2015 asset increase of $7.5 billion.