RT Journal Article SR Electronic T1 Portable Alpha JF The Journal of Alternative Investments FD Institutional Investor Journals SP 59 OP 68 DO 10.3905/jai.2001.319022 VO 4 IS 3 A1 Thomas W. Moller YR 2001 UL https://pm-research.com/content/4/3/59.abstract AB Active management of equity portfolios remains the rule rather than the exception. In this report, the alpha produced by active equity management-its magnitude, consistency, risk, and correlation to the underlying equity market-is compared with the another type of alpha-portable alpha-derived from an alternative Commodity Trading Advisor (CTA) investment strategy.