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 D1 Capital Leads Tiger Crowd as Hedge Fund Returns Diverge in August Stephen Taub Chun Lai, Chief Investment Officer, The Rockefeller Foundation Institutional Investor Building Portfolio Resilience: Why Today’s Approach Needs to be Different Sponsored by Schroders