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CHICAGO, (August 7, 2015) ?Macro Systematic Diversified hedge funds experienced a powerful recovery in July, reversing sharp losses from the prior month with gains across commodity, currency and equity positions, according to data released today by HFR? the established global leader in the indexation, analysis and research of the global hedge fund industry. Offsetting these gains, hedge funds with exposure to China, Energy and Discretionary Commodity posted losses for the month, with these divergent performance groups resulting in overall mixed industry performance for July. The HFRI Fund Weighted Composite Index?posted a narrow gain of +0.01 percent for the month, bringing YTD performance through July to +2.5 percent. The industry’s largest funds outperformed small and mid-sized funds in July, with the asset-weighted version of the FWC posting a gain of +1.4 percent.