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 Premium Third Point Cycles Through New Top Positions as Returns Struggle Stephen Taub Organization AAAIMs Spotlight on Asian American Investment Managers Optimizing the Efficient Frontier: Opportunistic Credit Amid a Capital Structure Reset Sponsored by Davidson Kempner