Hedge Funds Add 0.34% In February

Mar 3 2010 | 5:41am ET

After their hot 2009, hedge funds are off to a slow start in 2010.

The average hedge fund is flat through the first two months of the year, according to Bank of America Merrill Lynch. Analysts at the bank said the average fund rose 0.34% in Feburary.

“Overall, hedge funds are still cautious on equities, but appear to have returned to commodities,” the bank’s analysts wrote in a research note.

BofA also said that hedge funds have boosted their bets against the euro. Those positions have led to a collusion investigation by the U.S. Justice Dept.

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