Barclays recently asked 81 family offices about their preferences and practices in making hedge fund investments.  Its survey report analyzed what proportions of assets under management family offices are allocating to hedge funds; how those allocations are likely to change in the coming months; and how the practices of single-family offices differ from those of multi-family offices.  See “How Can Hedge Fund Managers Effectively Raise Capital from Single-Family Offices, Multi-Family Offices and High Net Worth Individuals,” Hedge Fund Law Report, Vol. 6, No. 20 (May 16, 2013).  The report also explored family office preferences with regard to hedge fund investment strategies, liquidity terms, fees, track record and investor base.  This article summarizes the key findings of Barclays’ survey.  For another perspective on family office preferences, see “Why and How Do Family Offices and Foundations Invest in Hedge Funds?,” Hedge Fund Law Report, Vol. 6, No. 1 (Jan. 3, 2013).