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CHICAGO, (June 5, 2015) ?Hedge funds posted gains for the fourth consecutive month in May, led by Equity Hedge strategies, with significant contributions from Technology, Healthcare and Fundamental Value exposures, as reported today by HFR? the established global leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index?advanced +0.7 percent for the month, bringing YTD gains for the HFRI FWC through May to +3.9 percent, leading both the S&P 500 and Dow Jones Industrial Average, while the HFRI Fund of Funds Index climbed +1.1 percent for May and +4.0 percent YTD.