Mounting redemptions at hedge funds, global falls in property prices and private equity deals falling off the cliff doesn’t appear to be deterring private banks recommending their clients to invest in alternatives, according to research by Hotbed, a UK-based business angel investment specialist.

The research found that 42% of private banks are recommending that clients increase their portfolio allocation to alternative assets such as private equity and commercial property in the next year, with 58% expecting that their suggested allocations will remain the same.