TY - JOUR T1 - Practical Applications of Can Alpha Be Captured by Risk Premia? JF - Practical Applications SP - 1 LP - 4 DO - 10.3905/pa.2014.1.4.050 VL - 1 IS - 4 AU - Jennifer Bender AU - P. Brett Hammond AU - William Mok A2 - Connett, Wendy Y1 - 2014/04/30 UR - https://pm-research.com/content/1/4/1.14.abstract N2 - Can Alpha Be Captured by Risk Premia? Jennifer Bender P. Brett Hammond William Mok Prior research has shown that smart beta, or the use of risk premia strategies, offers superior risk-adjusted returns than traditional market cap-weighted strategies.But can institutional investors use risk premia strategies as a substitute for active management? Can these strategies outperform? These are the questions investigated in Can Alpha Be Captured by Risk Premia? in the Winter 2014 issue of The Journal of Portfolio Management .Read this Practical Applications report, in which co-author Brett Hammond , Managing Director for Research at MSCI in New York, discusses the research findings. He advises investors to consider a third way of constructing a portfolio that includes an active and passive blend. The article is co-written by Jennifer Bender, Vice President for Research at State Street Global Advisors in New York, and William Mok, formerly Vice President for Research at MSCI in London. ER -