Hedge fund performance advanced in June, extending the streak of consecutive monthly gains to nine and completing the best first half of a calendar year since 1999, driven by optimism regarding the US economic reopening and despite increasing signs of building inflationary pressures in the US and Europe. The HFRI Fund Weighted Composite Index® (FWC) gained +0.4 percent in June, while the investable HFRI 500 Fund Weighted Composite Index advanced +0.2 percent, according to data released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund 9ndustry.