BUDGET BLOG

Fund managers believe the revised growth forecast for the UK this year, as revealed in George Osborne's Budget, is still too optimistic and may not be an achievable target.

Ex-Schroders bond manager Jamie Stuttard is joining the London unit of US fixed income group Fidelity Management & Research.

J.P. Morgan's Nick Gartside has revised his economic outlook to include a 15% chance of stagflation, as the UK posts 4.4% inflation for February.

STABILITY IS AN ILLUSION

Castlestone Management has launched a gold and precious metals equities fund for CEO Angus Murray.

Gartmore shareholders have voted overwhelmingly in favour of the group's takeover by Henderson Global Investors, with almost 99% of voters approving the proposals.

Ex-Gartmore head of multi-manager Bambos Hambi has joined Standard Life Investments as head of fund of funds management.

Intervention by the G7 and Bank of Japan to stabilise the yen following the Japanese earthquake means the easy money had now been made trading the yen, says Insight's Dale Thomas.

Odey Asset Management is preparing to launch a hedge fund for macro strategist Tim Bond, using a similar but more aggressive process to the one he developed on the BarCap RADAR fund.