Some in the business, however, say the episode raises more questions about one firm than about this investment category.

Take the 8 percent appreciation and reallocate it to the other three investment categories.

A separate account allows an investor to choose an investment category according to his individual risk tolerance, and desire for performance.

Funds ranked high for capital preservation can be found in many investment categories.

Then look at which funds have the best long-term performance prospects and the best coverage of an investment category.

Perhaps records, "dare I say it, are becoming an investment category," he said.

Hedge funds have been one of the fastest-growing investment categories in recent years.

It ranked 13th of 14 investment categories he tracked in the year ended June 1, down 6.4 percent.

Funds in the top 10 percent of their investment category, receive a five-star rating, the company's highest.

Nevertheless, I am sorry that the increase in these rates only target closed investment categories.