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CHICAGO, (May 28, 2015) – Volatile emerging markets hedge funds have returned to lead industry performance on the strong recovery of the Russian Rouble, higher oil prices, lowering of interest rates by the Chinese Central Bank, and a surge in trading volume on the Shanghai-Hong Kong Stock Connect program. As a result of these, hedge funds investing in Russia and China posted strong gains in recent months, with the HFRI EM: Russia/Eastern Europe gaining nearly 20 percent since the start of February, and the HFRI EM: China Index adding over 20 percent YTD 2015 through April.