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Praise for Active Alpha

"Active alpha is the quest for every sophisticated investor. Thisbook covers all of the key alpha sources currently mined by activemanagers, reduces the complexity of the subject, and helps theinvestor get started in the right direction."
-Mark Anson, Chief Executive Officer, Hermes Pensions ManagementLtd.

"Long-held traditional methods for investing large portfolios aregiving way to new processes that are designed to improveproductivity and diversification. These changes find their locus inthe sometimes overly mysterious world of absolute returnstrategies. In this book, Alan Dorsey demystifies that new worldand provides a guiding pathway into the future of professionalportfolio management. This is an important read for any investorwho plans to succeed going forward."
-Britt Harris, Chief Investment Officer, Teacher Retirement Systemof Texas

"With great lucidity, Alan Dorsey's book, Active Alpha, fills animportant void by identifying the relevant institutional featuresof this complex subject and by providing a unifying analyticframework for understanding and constructing portfolios ofalternative assets. For anyone investing in the alternative class,from the new student to the experienced practitioner, Active Alphais a necessary read. I am recommending it to everyone I know withsuch an interest, and it is destined to become a much thumbedreference on my shelf."
-Steve Ross, Franco Modigliani Professor of Financial Economics,Sloan School, MIT

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