The odds of a recession occurring during the next 12 months are nearly nonexistent.
Afsaneh Beschloss, CEO of Rock Creek Group, is an alternative-investments pioneer. A former chief investment officer for the World Bank, she began investing in clean energy and emerging market infrastructure in the late 1980s, and used derivatives and currency swaps when they were still cutting-edge investment tools. Beschloss, now 60, left the World Bank in 2001 after a 20-year career, and joined the Carlyle Group to build out the firm’s hedge funds and other alternative investments.
With the Dow Jones Industrial Average and the S&P 500 both closing at highs earlier this week, investors might want to consider ways to protect their portfolios.