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Hedge probe to report in June

The FSA says its investigation into the hedge fund industry will report at the end of the second quarter.

The probe, launched in January, has involved visits to hedge fund firms, checking dealing data and taking written submissions from fund managers.

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Neptune video: UK economy: a sustainable recovery?

After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.

In the video, Martin addresses the following:

• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders

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