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CHICAGO, (January 20, 2015) – Investors increased allocations to hedge funds in 4Q 2014 as financial market volatility soared into year-end led by a steep decline in oil, Euro currency weakness and sharp drops in both the Russian Rouble and equity markets. Investors allocated $3.6 billion of new capital to hedge funds globally in the quarter, bringing the full year of inflows to $76.4 billion, the highest calendar year of inflows since 2007, as reported today in latest edition of the HFR Global Hedge Fund Industry Report, released today by HFR? Inflows and performance gains in 4Q increased total hedge fund capital to a record of $2.85 trillion, while the broad-based HFRI Fund Weighted Composite Index?gained +3.3 percent for the full year.