Hedge funds returns increased in November, according to data released Friday by Standard & Poor's Corp.
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The S&P hedge fund index gained 0.07% last month, after losing 0.47% in October as a widespread reduction in risk appetite drove performance down two months ago. The index returned 2.01% in the first 11 months of the year.
Charles Davidson, a senior hedge fund specialist at S&P, said most markets recouped their October losses and reached all-time highs because of supportive economic and corporate data.
The two strongest sector hedge fund indexes in November were the S&P equity long/short index, which gained 2.48%, and the S&P managed futures index, which returned 4.19%.
