Did hedge funds score on masks and sanitizer? Not so much
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BOSTON (Reuters) - What would seem like a sure win for elite investors - early bets on companies racing to make face masks, hand sanitizer and other coronavirus-related protective products - turned out to be a relatively unpopular strategy and one with surprisingly mixed results. Few hedge funds increased their holdings over the first quarter in companies associated with so-called personal protective equipment (PPE) such as 3M Co. , Kimberly-Clark Corp and Honeywell International Inc ,..