The HFRI Fund Weighted Composite Index gained +2.6% for June 2019, the strongest month since January, increasing the Index Value to 14,408, a record level according to data released by HFR. Hedge funds posted strong, broad-based gains in the month, with multiple and varied drivers of performance leading advances across a wide range of strategies. The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, returned +1.9% for June.