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  • Rock Creek's Winning Bet on Hedge Funds, Emerging Markets

    Rock Creek's Winning Bet on Hedge Funds, Emerging Markets

    June 2017 -

    Rock Creek CEO Afsaneh Beschloss recently sat down with Barron's to discuss the outlook for hedge funds and opportunities in emerging markets and ESG investments. The profile, entitled "Rock Creek's Winning Bet on Hedge Funds, Emerging Markets", was featured in the latest issue of Barron's and includes Rock Creek's top stock picks across emerging markets, our approach to selecting promising themes across alternatives, and why we think ESG investing is here to stay. Read the article here.

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  • Milken Institute 2017 Global Conference - Macroeconomic Outlook

    May 2017 -

    On May 1, 2017, Rock Creek CEO Afsaneh Beschloss participated in the Milken Institute's 2017 Global Conference. Her panel, Macroeconomic Outlook: The Search for Value, addressed macroeconomic themes and areas of opportunity in the current market environment.





  • 2017 Global Infrastructure Forum: Infrastructure as an Asset Class

    2017 Global Infrastructure Forum: Infrastructure as an Asset Class

    April 2017 -

    On April 22, 2017, Rock Creek CEO Afsaneh Beschloss participated in the 2017 Global Infrastructure Forum, which is jointly organized by the United Nations and multi-lateral development banks. The World Bank published a blog post capturing the highlights of the discussion, which focused on infrastructure as an asset class.

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  • Rock Creek 1Q 2017 Quarterly Call Highlights

    April 2017 -

    On April 20, 2017, Rock Creek CEO and founder Afsaneh Beschloss hosted a quarterly global outlook discussion focused on Brexit and France's presidential election. She was joined by Rock Creek Senior Advisor Dr. Alan Greenspan and Sebastian Mallaby, Paul A. Volcker senior fellow for international economics at the Council on Foreign Relations and contributing columnist for the Washington Post.





  • Next Gen Investing With the Council of Institutional Investors

    February 2017 -

    On February 28, 2017, Rock Creek CEO Afsaneh Beschloss moderated a panel on Next Generation Investing at the Council of Institutional Investors' annual Winter Conference in Washington, D.C. The discussion addressed what the next generation of investors care about, what factors are most likely to influence investment performance across generations and how we think about disruption as part of the investment process.





  • What's on the horizon for 2017? Highlights from Rock Creek's 4Q 2016 Quarterly Call

    February 2017 -

    As 2017 is getting underway, investors are facing an uncertain market environment, underscored by trepidation about what many perceive as a shake-up in the world order that may increase prosperity and new opportunities for some and pose big risks to others.


    On February 1, Rock Creek founder and CEO Afsaneh Beschloss joined Senior Advisors Dr. Alan Greenspan and Liaquat Ahamed to share their views on the outlook for the year ahead. Some of the top quotes from the discussion included:


    On the Fed:

    "The early stages of stagflation feel very benevolent. The trouble is, the presumption that they're going to keep the inflation rate at, say, 2%, as a policy matter is contradicted by history. It's never been feasible."

    - Alan Greenspan

    On U.S. trade policy:

    "If we do go down the protectionist route, we will not be alone; other countries will respond… A stronger dollar runs completely counter to the Trump administration's protectionist mode. It makes imports cheaper and exports more expensive, so there's a fundamental tension between what [The Trump administration] is doing on macro policy and what they want to end up doing on trade. Whether they'll be able to resolve that tension, we don't know. But I would think, in the short run, we get a stronger dollar."

    - Liaquat Ahamed

    On emerging markets:

    "The big question for emerging markets is what happens to China. China has basically managed to keep going because of this credit bubble, and at some point, the credit bubble runs out and they're going to face a problem… One good thing is that emerging market assets are not overpriced."

    - Liaquat Ahamed

    On financial regulations:

    "I think that there is a serious understanding that this administration will in a major way reduce regulation, including in the financial markets. Dodd-Frank, which is disastrous, has to be taken apart and not put back together again. It has one component that is useful, and that is the increase in the capital requirements of financial intermediaries."

    - Alan Greenspan





  • 2017 World Economic Forum – Global Growth Markets Outlook

    January 2017 -

    The 2017 World Economic Forum was held in Davos on January 17-20 and Rock Creek CEO Afsaneh Beschloss was among the participants. She spoke on a panel addressing the Global Growth Markets Outlook for the year ahead, which paid particular attention to the U.S.-China relationship.





  • Taking Stock of the U.S. Presidential Election Results

    November 2016 -

    The deeply polarizing 2016 election cycle has ended and investors are assessing what effect Donald Trump, the 45th president of the United States, will have on markets and the economy. Listen in on highlights from our November 10, 2016 discussion with Rock Creek Senior Advisors Alan Greenspan, Laura Tyson and Liaquat Ahamed as they join Rock Creek founder and CEO Afsaneh Beschloss in sharing their perspectives on what the next four years may hold.





  • Rock Creek 3Q 2016 Quarterly Call Highlights

    October 2016 -

    On October 6, Rock Creek CEO and founder Afsaneh Beschloss and Senior Advisors Dr. Alan Greenspan, Dr. Laura Tyson and Cyrus Ardalan shared their views on the global economic outlook, with a focus on the economic implications of the U.S. presidential election, the Fed's monetary policy stance and the impact of a "hard" Brexit.


    In the discussion, Beschloss addressed the starkly different platforms presented by Hillary Clinton and Donald Trump and their implications for the US economy, as well as the probability of a Fed rate hike before the end of the year. She also addressed the fallout from British Prime Minister Theresa May's announcement this week that that the UK would begin extracting itself from the EU in March 2017.


    Greenspan noted that business confidence in the US has been suppressed for quite some time and that the political climate "cannot help," rejected any likening of Donald Trump's economic policies to Ronald Reagan's and argued that "fiscal space is an illusion" due to high entitlement spending. He also addressed the outlook for pension plans, saying that they would remain unfunded until we reach a "normal rate of a return on intermediary assets." Greenspan highlighted that there is not a "new normal" for interest rates since they are roughly where they have been for generations, and expects that interest rates will eventually return to "human normal."


    Tyson laid out the implications of both presidential candidate's proposed tax plans for the debt and deficit, and noted that investors should be worried about the general lack of confidence in central banks globally. She also assessed the infrastructure investments, vocational training and green investments proposed by Hillary Clinton, noting that Clinton's plan includes proposals to pay for infrastructure spending.


    Ardalan believes that although the doomsday scenarios about the UK economy never came to fruition, volatility in the Sterling will persist and foreign direct investment is likely to decline. His key concern is tail risk since the uncertainty around executing Brexit is so high. He noted that a hard Brexit would have serious consequences for the UK, especially for the financial industry, though he believes the most likely scenario is some type of free trade agreement between the UK and EU. Ardalan said that while a lot of attention has been given to tariffs, non-tariff barriers - especially for the finance and services industries - are most worrying.





  • Bloomberg: Rock Creek Sr. Advisor Alan Greenspan Suggests Oil Prices Have Probably Bottomed Out at $40

    Bloomberg: Rock Creek Sr. Advisor Alan Greenspan Suggests Oil Prices Have Probably Bottomed Out at $40

    August 2016 -
    During Rock Creek's 2Q 2016 quarterly outlook discussion, Rock Creek Sr. Advisor and Former Federal Reserve Chairman Alan Greenspan suggested that oil prices have probably bottomed out at about $40 per barrel after tumbling more than 20 percent in the past two months into a bear market. "It's hard for me to imagine it going very much lower, but it could," he said. Greenspan sees oil trading in a range of about $40 to $50 a barrel over the next couple of years. A $50 price would be high enough to encourage new shale oil production in the U.S., he said.

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  • Rock Creek 2Q 2016 Quarterly Outlook Highlights

    August 2016 -

    On August 3, Rock Creek CEO and founder Afsaneh Beschloss and Senior Advisors Dr. Alan Greenspan and Liaquat Ahamed shared their views on the global economic outlook.


    In the discussion, Beschloss addressed the outlook for emerging markets, including the potential for green infrastructure investing to boost the Chinese economy. She also discussed the U.S. economy as well as oil prices, the aftermath of the U.K's "Brexit" vote, and monetary policy in Japan, the U.S. and the European Union. Greenspan painted a bleak picture of the outlook for the U.S. economy today, saying consumer spending alone can't sustain growth in the absence of stronger business investment. Ahamed believes the Federal Reserve is likely to raise interest rates sooner than investors expect, saying "We are much closer to Fed tightening than the market is discounting."


    Additional highlights:

    • QE is "losing traction" in Europe and Japan and yields are close to their lower limits.
    • On Italian banks' bad loans, EU will manage to stitch together a deal that avoids imposing a haircut on bondholders.
    • Oil is likely to trade in a range of $40-$50 a barrel.





  • Pensions & Investments Interview: Face to Face with Afsaneh Beschloss

    July 2016 -

    Rock Creek founder and CEO Afsaneh Beschloss sat down with Pensions & Investments senior reporter Christine Williamson to discuss the evolution of the hedge fund industry, the current debate over fees and the industry's future.






  • Rock Creek founder & CEO receives lifetime achievement award

    Rock Creek founder & CEO receives lifetime achievement award

    June 2016 -

    Rock Creek is pleased to announce that founder and CEO Afsaneh M. Beschloss was honored as the 2016 Investor Lifetime Achievement Award recipient by Institutional Investor magazine at a dinner and ceremony that took place at the Mandarin Oriental in New York City on Thursday, June 23, 2016.

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  • Rock Creek 1Q 2016 Quarterly Outlook Highlights – Brexit Implications

    June 2016 -

    On June 1, Rock Creek CEO and founder Afsaneh Beschloss hosted our quarterly outlook discussion featuring Senior Advisors Dr. Alan Greenspan, Dame DeAnne Julius and Liaquat Ahamed, who shared their perspectives on the global economic outlook and addressed the implications of the UK’s upcoming referendum vote on whether or not to exit the European Union.






  • ESG Investing Grows Up

    ESG Investing Grows Up

    May 2016 -

    Investing in companies with strong environmental, social and governance (ESG) track records has become a hot topic but it isn't a new one for Rock Creek founder and CEO Afsaneh Beschloss. Beschloss began ESG investing in the early 1990s at the World Bank and is now leading Rock Creek's efforts in impact investing and to build the largest database of ESG investments. In an op-ed published by Institutional Investor, Beschloss shared her perspective on why ESG investments bode well for positive long-term returns. The article is also available online here.

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  • Why the Race to Renewable Energy is Different in Every Country

    May 2016 -

    Rock Creek founder and CEO Afsaneh Beschloss recently spoke at the Fortune: Brainstorm E: Where Energy, Technology, and Sustainability Meet conference. In a one-on-one discussion with Dan Primack, Senior Editor of Fortune.com, Beschloss addressed renewable energy in emerging markets and the ample opportunities in renewables for investors, including outlining the case for why she takes a more bullish stance than most on the future of renewable energy.






  • Rock Creek 4Q 2015 Quarterly Outlook Highlights

    February 2016 -

    On February 23, Rock Creek held its 4Q 2015 quarterly outlook discussion, hosted by CEO and founder Afsaneh Beschloss. The discussion featured Senior Advisors Dr. Alan Greenspan and Liaquat Ahamed and focused on two of the key dynamics that Rock Creek expects to drive markets this year: The Fed's monetary policy stance and oil prices.






  • Betting On Growth

    Betting On Growth

    December 2015 -

    Slowing global growth, uncertainty about U.S. monetary policy and a collapse in oil and commodities prices caused significant investor outflows from emerging markets in 2015. In this challenging environment, Rock Creek's long-only emerging markets equity fund continued to perform well relative to industry benchmarks, and has more than doubled the return of the MSCI EM Index since inception in 2009.


    In a recent interview with Institutional Investor's Alpha magazine, CEO Afsaneh Beschloss explains why Rock Creek continues to see ample opportunities in emerging markets in 2016. Among other topics, Ms. Beschloss shares her outlook on EM volatility, addresses the heightened importance of active investing in 2016 and explains why the EM healthcare sector is poised to capture consumer-driven growth.

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  • Rock Creek's Approach as Sub-Advisor to Alternatives Fund

    Rock Creek's Approach as Sub-Advisor to Alternatives Fund

    May 2015 -

    Rock Creek serves as sub-advisor for the Wells Fargo Advantage Alternative Strategies Fund, an alternatives mutual fund product. The fund celebrated its one-year anniversary in May and finished its first year in the top decile of its Morningstar category. Rock Creek investment team members Sudhir Krishnamurthi, Ronald van der Wouden and Kenneth LaPlace sat down with Wells Fargo’s Brian Jacobsen to discuss their approach as a sub-advisor for the fund, which is also outlined more in-depth in a recent white paper.

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  • DeAnne Julius on Eurozone Growth and Monetary Policy in the U.K.

    DeAnne Julius on Eurozone Growth and Monetary Policy in the U.K.

    May 2015 -

    Rock Creek Senior Advisor and former Bank of England policymaker DeAnne Julius appeared on Bloomberg to discuss growth in the eurozone, the implications of the U.K. going into deflation for the first time in 50 years and when the Bank of England will begin normalizing monetary policy.

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  • Beyond Silicon Valley

    Beyond Silicon Valley

    April 2015 -

    In her latest article for Project Syndicate, former chair of the U.S. President's Council of Economic Advisers and Rock Creek senior advisor Laura Tyson addresses inclusive job growth and why Silicon Valley is not yet a model for job creation that can be emulated. The article is co-authored with Lenny Mendonca, a former director of McKinsey & Co.

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  • Alan Greenspan on OPEC and Oil Prices

    Alan Greenspan on OPEC and Oil Prices

    February 2015 -

    In an article published by the Financial Times, former chairman of the Federal Reserve and Rock Creek Senior Advisor Alan Greenspan discusses how developments for extracting shale oil in the U.S. were at the root of the recent oil price collapse and makes the case that OPEC has ceded its power over the price of oil to America.

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  • Rock Creek Participates in the World Bank Treasury's 2014 Sovereign Debt Forum

    Rock Creek Participates in the World Bank Treasury's 2014 Sovereign Debt Forum

    January 2015 -

    In December, Rock Creek Managing Director Alberto Fassinotti spoke at the World Bank Treasury's Sovereign Debt Forum. He participated in a panel discussion to address changes in the investor base for emerging market debt over the past decade and the outlook going forward.

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