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CHICAGO, (January 8, 2015) – Hedge funds posted gains to conclude the volatile month of December, led by contributions from CTAs, Technology and Shareholder Activist strategies, as reported today by HFR? the established global leader in the indexation, analysis and research of the global hedge fund industry. The broad-based HFRI Fund Weighted Composite Index?gained +0.3 percent in December, navigating a sharp decline in Oil, Russian- and Euro-centric macro/currency uncertainty and equity volatility across both Emerging and Developed markets. The HFRI Fund Weighted Composite Index advanced +3.6 percent for 2014, below the long-term average hedge fund industry performance of +10.7 percent, as hedge fund managers maintained conservative exposures with equity markets near record highs.