Delivering Alpha
Lessons from 30 Years of Outperforming Investment Benchmarks
by Hilda Ochoa-Brillembourg
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Pub Date Dec 07 2018 | Archive Date Dec 14 2018
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Description
From a former World Bank Executive and renowned investor―a detailed roadmap to adding consistent, sustainable value to globally diversified portfolios
For many investors, alpha is akin to the Holy Grail. Risk-adjusted returns above benchmarks―alpha―are particularly challenging to achieve even with a sound strategy. Hilda Ochoa-Brillembourg is an expert on alpha. Over the past four decades, she and her team consistently exceeded benchmarks and delivered appreciable value added on their investments.
In Delivering Alpha, she reveals the principles and methods employed in her investment strategies, along with insights drawn from her personal life. She shows how timing, market awareness, price, and relative value to the investor are critical drivers of effective investment decisions. Ochoa-Brillembourg also debunks common investment myths that often trip up both new and experienced investors.
Delivering Alpha provides practical advice on:
•Creating successful decision-making governance to reduce errors and correctly assign responsibilities and incentives
•Dealing thoughtfully and effectively with governance challenges
•Building the right policy portfolio, specifying desired allocations to each asset class
•Structuring asset classes and adding value-oriented or other opportunistic “tilts”
•Measuring and managing risks, avoiding common mistakes, and more
Light on theory and serious on practice, this book is the culmination of a lifetime’s experience from one of the most successful women in finance. It’s essential reading for investors looking to add sustainable value to globally diversified portfolios.
Advance Praise
"Ochoa-Brillembourg’s 30-year record—140 basis points above a portfolio of benchmarks, with 75 percent of rolling three-year periods yielding above-market returns—creates all the credibility necessary to make her book a primer for every serious investor. However, the real greatness of Delivering Alpha is how Ochoa-Brillembourg helps investors navigate the 25 percent of rolling three-year periods when they feel like failures. “There is no worse professional pain than underperforming your benchmarks.” For Ochoa-Brillembourg this is where that battle for superior performance is won with philosophical vision and disciplined organization."
— PETER ACKERMAN, former head of special projects in the high yield and convertible bond department and head of international capital markets, Drexel Burnham Lambert
"What a marvelous book! Smart, informative, intelligently wrought, and beautifully written. I’ve been in management for my entire career, running offices and divisions for two New York publishers as well as the Washington Post and the Library of Congress, and I have never read as engaging and illuminating a business book as Hilda Ochoa-Brillembourg’s Delivering Alpha. Punctuated throughout with entertaining asides, from Albert Einstein to Oscar Wilde—as well as lessons from her personal experiences—this is a primer for anyone who wishes to understand leadership practices, investment markets, the building of prosperity, the economy as a whole, and the human component that underlies all these."
— MARIE ARANA, prizewinning author, most recently of Bolivar: American Liberator, and literary director, Library of Congress
"Those of us who know her from her Venezuelan Quinceañera years know her as Mañanita: an unusually thoughtful girl. Now Hilda has become an unusually thoughtful and experienced portfolio manager, gifting us an unusually charming and expert account of what it takes to add value to life and portfolios alike. She teaches us it’s more important over the long run to master the right piñata culture than to take home the most candies. A great lesson for the UN Security Council members. An admirable life and book."
— AMBASSADOR DIEGO ARRIA of Venezuela, former president of the UN Security Council
"In the sea of life, while many drift with the current, a brilliant few become the force of waves that crash the status quo and carry us forward. Hilda Ochoa-Brillembourg is one such force. Delivering Alpha captures the energy that imagined, developed, and nurtured an entity marked by integrity, innovation, and excellence in the pursuit of alpha. No matter one’s investment acuity, readers will appreciate the illumination of ideas and the manifold skills needed to amplify that genius into practical and positive results."
— CAROL GREFENSTETTE BATES, cofounder and former managing director, Strategic Investment Group
Available Editions
| EDITION | Hardcover |
| ISBN | 9781260441482 |
| PRICE | $35.00 (USD) |
