The Continuing Evolution of Hedge Funds From The Family Office Alpha Report by Witherpoon Partners, May 2015 By Keith Danko In their earliest days, they were an investment for well-connected high-net-worth individuals, particularly Europeans and others with access to offshore accounts. Today, hedge funds have evolved into primarily an institutional investment, with most high-net-worth investors funneled through one type of platform or another, or through a family office that follows an institutional framework. A markedly elevated due diligence process h...