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 Amrita Tiwari, New York Life Investment Management Institutional Investor Joshua Walshe, CFA, Director, Investment Research & Solutions, William Blair Institutional Investor How Ultra 10-Year Futures Became a Treasury Benchmark Sponsored by CME Group