A rising number of fund managers believe markets will dodge a recession, according to the latest Bank of America fund manager survey.

Money Management is pleased to launch a new white paper focused on portfolio construction with exclusive commentary from seven asset managers.

T. Rowe Price remains neutral on Australia in its multi-asset portfolios as it believes there are still risks to its earnings outlook and further rate increases from the RBA.

Schroders has hired Pierre Wu as fixed income and multi-asset investment director, joining from AMP.

Magellan is betting on generative artificial intelligence in its flagship $7 billion Magellan Global Fund as it believes “major progressive evolutions” and heightened innovation will develop in the space.

Iress has appointed Cameron Williamson as its new group chief financial officer, joining from Pendal.