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Alpha Is Not A Risk Management Technique: Summary: •Investors often focus their analysis on benefits. In the finance industry, we’ve distilled this down to a single metric: alpha. •Benefits and risk require separate analysis. Increasing benefits does not necessarily reduce risk or even leave it unchanged. •In practice, increasing alpha can actually increase risk in many portfolios. https://blog.thinknewfound.com/2016/02/alpha-not-risk-management-technique/
