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CHICAGO, (September 8, 2015) – Hedge funds declined in August as global equity markets experienced sharp losses led by uncertainty over Chinese growth, falling oil prices and the timing of US Federal Reserve interest rate increases, according to data released today by HFR? the established global industry leader in the indexation, analysis and research of the global hedge fund industry. The HFRI Fund Weighted Composite Index?(FWC) fell -1.87 percent for the month to an NAV of 12443.31, paring the YTD performance for the FWC to a gain of +0.2 percent. The August decline for the FWC was the worst monthly performance since May 2012. Following several years in which the HFRI trailed strong equity market gains, the FWC has outperformed the S&P 500 by over 400 basis points in August and 300 basis points year-to-date.