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 The Rich List: Institutional Investor’s 25th Annual Ranking of the Highest-Earning Hedge Fund Managers Stephen Taub Premium Tigers Burning Bright Stephen Taub Why Monthly U.S. Jobs Reports Diverge but Long-Term Trends Align Sponsored by CME Group