Hedge funds up 1.23 per cent in March, says Backstop BarclayHedge Submitted 16/04/2021 - 9:15am The hedge fund industry continued its positive run in March returning 1.23 per cent for a fifth consecutive month in the black, according to the Barclay Hedge Fund Index compiled by BarclayHedge, a division of Backstop Solutions. By comparison the S&P 500 Total Return Index gained 4.38 per cent during the month. For the year to date, the hedge fund industry was up 4.93 per cent through the end of March. The S&P 500 Total Return Index returned 6.17 per cent over the same period.