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.
Hilda Ochoa-Brillembourg 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 in Business Administration in Finance at Harvard Business School and received a Master of Public Administration from the Kennedy School of Government at Harvard and a Bachelor of Science in Economics from Universidad Andres Bello, Caracas. She 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. Ochoa-Brillembourg 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, among them, Asset Management Company, S&P Global, General Mills, US Airways, Custodial Trust Company, Harvard Management Company and Vassar College.