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 Systematic Hedge Funds Deliver Near-Record Returns in September The Editorial Team For Members Only Third Point Returns to Meta and Nvidia Stephen Taub The Infrastructure Behind the AI Era: Why Data Centers Are Becoming a Critical Investment Opportunity Sponsored by Principal Asset Management