Hedge funds proved unable to turn February’s net inflows into a two-month trend, as March saw $11.0 billion in hedge fund redemptions worldwide, a dramatic shift from February’s $12.1 billion in inflows, according to the Barclay Fund Flow Indicator, published by BarclayHedge, a division of Backstop Solutions. March redemptions were fueled by investor fears of a global recession, but also by local factors that made the bulk of redemptions a regional affair.