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CHICAGO, (April 8, 2015) – Hedge funds posted gains in March to conclude a strong 1Q15, with performance driven by strong macro trends in Currency and Commodity markets, complemented by broad-based gains and positioning in Event Driven, Equity Hedge and fixed income-based Relative Value Arbitrage strategies. The HFRI Fund Weighted Composite Index?gained +0.5 percent in March and +2.4 percent in 1Q15, completing the strongest quarter of outperformance relative to S&P 500 since 3Q11, as reported today by HFR? the established global leader in the indexation, analysis and research of the global hedge fund industry.