It's all in the mix

The total value of hedge funds has grown over the past two years from about $300bn to $500bn and both institutional and private investors now regard hedge funds as an asset class in its own right.

Although institutional investors are generally cautious of hedge funds, high net worth investors who might run their investment affairs through a family office do not seem to have the same concerns.

Recent market surveys from a host of private banks and wealth management firms are unanimous that nearly