Delivering Alpha: Lessons from 30 Years of Outperforming Investment Benchmarks - Hardcover

Ochoa-Brillembourg

Hardcover

ISBN 10: 1260441482 ISBN 13: 9781260441482

Publisher: McGraw Hill, 2018

Synopsis

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.

About this title

About the Author

Hilda Ochoa-Brillembourg, CFA, is the lead founder and chairman of Strategic Investment Group and co-founder of Emerging Markets Management. A Fulbright Fellow and Fulbright Lifetime Achievement awardee, she completed doctoral studies, all but dissertation, in Business Administration in Finance at Harvard Business School and received a Master of Public Administration from the Kennedy School of Government at Harvard. Ochoa-Brillembourg served as the Chief Investment Officer at the Pension Investment Division at the World Bank from 1976 to 1987 and continued as a Manager of the World Bank Pension assets until 1996. She is a lifetime member of the Council on Foreign Relations, a member of the American Enterprise Institute Board, the Committee for Economic Development Board, Harvard’s Kennedy School Dean’s Executive Council and Dean’s Alumni Leadership Council, and was a longtime member of the World Economic Forum. She has served in multiple public company and non-profit boards, and she is the founder and chairman of the Orchestra of the Americas. 

From the Back Cover

“Hilda Ochoa is one of the great investors of the last 30 years and her book Delivering Alpha is

a one-of-a-kind insightful journey into the facts, processes, and principles of delivering

sustainable 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

“Highlights the value of being open to new approaches, adapting to perpetual, sometimes tumultuous changes. This is a good, thoughtful book."

—Paul Volcker, former chairman, Federal Reserve

 “Smart, informative, intelligently wrought, and beautifully written.”

—Marie Arana, Literary Director, Library of Congress, author of Bolivar and The Writing Life 

“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

“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

Edition details

• Publisher: McGraw Hill
• Publication date: 2018
• Language: English
• ISBN 10: 1260441482
• ISBN 13: 9781260441482
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320