Hedge funds extended their run of positive returns to four straight months in April, returning 1.21% for the month, according to the Barclay Hedge Fund Index.

BarclayHedge, a division of Backstop Solutions, said that by comparison, the S&P 500 Total Return Index rose 2.85% in April. For the-year-to date through the end of April hedge funds returned 6.86% while th