Delivering Alpha is the work of Hilda Ochoa-Brillembourg, a former World Bank executive and renowned investor. As risk-adjusted returns above benchmarks―alpha―are particularly challenging to achieve even with a sound strategy, the author provides a detailed roadmap to adding consistent, sustainable value to globally diversified portfolios. Ochoa-Brillembourg explains how timing, market awareness, price, and relative value are critical drivers for investors, while also revealing principles and methods employed in her own investment strategies. Delivering Alpha also deals with governance challenges, building the right policy portfolio, specifying desired allocations to each asset class, and managing risks while avoiding common mistakes.
"Hilda Ochoa is one of the great investors of the last 30 years and her book Delivering Alpha isa one-of-a-kind insightful journey into the facts, processes, and principles of deliveringsustainable value-added in investing. And it's a pleasure to read."
— Ray Dalio, founder of Bridgewater Associates and author of NYT #1 bestseller Principles
"The bible on risk management."
— David M. Smick, author of the NYT bestseller The World Is Curved
"Smart, informative, intelligently wrought, and beautifully written."
— Marie Arana, Literary Director, Library of Congress, author of Bolivar and The Writing Life
"Practical and battlefield-tested tools for investment committees and boards to raise their game to the highest standards."
— Douglas Peterson, President and CEO, S&P Global
"Hilda is one of the very few managers who have delivered alpha consistently over a long period of time. Pay attention ..."
— Jack Meyer, former President and CEO of the Harvard Management Company and founder CEO of Convexity Capital Management
"There is enough here to make anyone, in the words of the English proverb, 'healthy, wealthy, and wise.'"
— David G. Bradley, chairman, Atlantic Media
"Hilda Ochoa-Brillembourg expertly demonstrates not only why good governance matters, but also what it looks like and how it can be achieved."
— Arthur C. Brooks, president, American Enterprise Institute