Wednesday webinar at one: Decomposing alpha - How it provides deeper insights into a Fund Manager’s skills
Wednesday 30 September 2026 | 13:00 - 14:00 | Webinar
Alpha is often viewed as the clearest measure of a fund manager’s skill. However, Alpha is rarely consistent over time, raising important questions about what drives its changes and whether headline Alpha alone tells the full story.
Join Steven Goldin, Managing Partner at Parala Capital LLP, and Dr. James Chu, CFA, Head of Investment Solutions at Tricio Investment Advisors Ltd., as they explore how decomposing Alpha can provide a more nuanced understanding of investment performance and manager skill.
Drawing on practical examples and research, the speakers will demonstrate how breaking Alpha into its underlying components can reveal valuable insights that may be overlooked by traditional performance analysis. They will also discuss how these techniques can be used by fund selectors, investment researchers, and portfolio managers to make more informed decisions.
Key learning outcomes
- Understand how manager alpha is measured
- How to identify manager skill
- Determine whether manager alpha is decaying
Who Should Attend?
- Fund selectors and investment consultant
- Research analysts and due diligence professionals
- Portfolio managers and asset allocators
- Investment professionals interested in evaluating fund manager skill and performance
Speakers
Steven Goldin, Partner, Parala Capital LLP
Steven Goldlin, a founding partner of Parala, boasts over 25 years of experience in the finance sector. He is widely recognised as an expert in asset allocation, portfolio construction, investment product design, and distribution. Steven is frequently quoted in the press and is sought-after as a speaker on these subjects.
Before establishing Parala, Steven served as the Global Head of Strategy Indices at S&P. During his tenure, he successfully launched over 50 new indices encompassing smart beta strategies, alternative investments, and thematic approaches. These initiatives resulted in the addition of $25 billion in assets linked to the newly created indices. Prior to joining S&P, Steven held the position of Managing Director of the European fund business at Enterprise Capital Management, a subsidiary of AXA Financial, based in London. He began his career at Prudential Investments, where he held various investment and client-focused roles.
Steven holds an MBA from New York University's Stern School of Business, graduating Summa Cum Laude. He also obtained a BS in Finance with Distinction from the Pennsylvania State University's Scholar's Program.
Dr James Chu CFA, Head of Investment Solutions, Tricio Investment Advisors Ltd
After obtaining a PhD in Electronic Engineering, James decided to use his analytical and technical skills in the world of investments. He focused on making things happen, translating insights and strategies to actionable solutions. He has over 20 years’ experience in blue-chip organisations like HSBC and American Express Bank, as well as running his own specialist investment businesses. He also ran multi-asset portfolios, set up investment funds and structured products businesses for UK wealth managers. He founded Tricio with two of his former colleagues in 2020, working with professional investors on different aspects of their investment process, research and governance.
James is a frequent speaker in conferences and training events. He is a CFA charter holder since 1998 and holds the certificate in ESG Investing from the CFA Insitute. He has been serving in different voluntary working groups and committees in the CFA Society of the UK and TISA.
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