After suffering a miserable October, hedge funds crawled back to positive territory last month, gaining 0.07% on average, HedgeWorld.com reports.

"After the sharp sell-off in October, most markets not only recouped their losses but also reached all-time highs on the heels of supportive economic and corporate data," said Charles Davidson, senior hedge fund specialist at Standard & Poor's.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.