The Price of Generating Alpha Alpha is a zero-sum game, according to David Villa of the State of Wisconsin’s Investment Board. Here he talks about how making the right errors leads to high returns. Related Articles For Members Only Event-Driven Fund Posts Double-Digit Returns in Each of Its First Five Years Stephen Taub Press Release: Institutional Investor Names Eight Private Equity Firms to First Annual Alpha Edge Buy List II Press Room How Global Tensions Are Reshaping U.S. Equity Risk Sponsored by CME Group