Delivering Alpha: Lessons from 30 Years of Outperforming Investment Benchmarks

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"From a former World Bank Executive -- a detailed, actionable roadmap to adding consistent, sustainable value to globally diversified portfolios. Delivering risk-adjusted returns beyond those of passive benchmarks -- alpha -- may be difficult, but it is possible. In many cases, alpha is indispensable for meeting institutional and individual objectives. Macroeconomic, political, and capital market developments have created opportunities, but the current environment is especially challenging. For over three decades, Hilda Ochoa-Brillembourg has delivered alpha, first as chief investment officer of the Pension Investment Division of the World Bank, and later as CEO of her own firm. In Delivering Alpha, she reveals principles and methods designed to improve the ability to add value to portfolios by responding to the changing states of the world. The author shares expert advice on creating a successful decision-making governance structure, building the right policy portfolio, structuring asset classes, measuring and managing risks, and more. Light on theory and serious on practice, this is a detailed and actionable roadmap to building alpha consistently over time"-- Provided by publisher