The Multiplicity of the Hyades and its Implications for Binary Star   Formation and Evolution
  A 2.2 micron speckle imaging survey of 167 bright (K $< 8.5$ mag) Hyades members reveals a total of 33 binaries with separations spanning 0."044 to 1."34 and magnitude differences as large as 5.5 mag. Of these binaries, 13 are new detections. Combining the results of this survey with previous radial velocity, optical speckle, and direct imaging Hyades surveys, the detected multiplicity of the sample is: 98 singles, 59 binaries, and 10 triples.   A statistical analysis of this sample investigates a variety of multiple star formation and evolution theories. Accounting for the inability to detect high flux ratio binaries results in an implied companion star fraction (csf) of 0.30 +/- 0.06 in this separation range 0."1 to 1."07 (5 to 50 AU). The Hyades csf is intermediate between the values derived from observations of T Tauri stars (T Tauri csf=0.40 +/- 0.08) and solar neighborhood G-dwarfs (G-dwarf csf=0.14 +/- 0.03). This result allows for an evolution of the csf from an initially high value for the pre-main sequence to that found for main sequence stars. Within the Hyades, the csf is independent of the radial distance from the cluster center and the primary star mass. The distribution of mass ratios is best fit by a power law q^(-1.3 +/- 0.3) and shows no dependence on the primary mass, binary separation, or the radial distance from the cluster center. Overall, the Hyades data are consistent with scale-free fragmentation, but inconsistent with capture in small clusters and disk-assisted capture in small clusters. Without testable predictions, scale-dependent fragmentation and disk fragmentation cannot be assessed with the Hyades data. 
J. Patience, A. M. Ghez, I. N. Reid, A. J. Weinberger, & K. Matthews