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 Podcast- Commercial Mortgage-backed Securities: The Crossroads of Real Estate Debt and Liquid Credit Sponsored by Fidelity Investments