diff --git a/conda/empyrical/meta.yaml b/conda/empyrical/meta.yaml
index af1b17a2..670409de 100644
--- a/conda/empyrical/meta.yaml
+++ b/conda/empyrical/meta.yaml
@@ -1,28 +1,30 @@
 package:
   name: empyrical
-  version: "0.1.9"
+  version: "0.1.10"
 
 source:
-  fn: empyrical-0.1.9.tar.gz
-  url: https://pypi.python.org/packages/15/6b/de1d277d4342d2cecc8134f4935248853f32299cdd9b01728b0ec420c350/empyrical-0.1.9.tar.gz
-  md5: 2c8b928cae192fc9cb8b7104608eec56
+  fn: empyrical-0.1.10.tar.gz
+  url: https://pypi.python.org/packages/2c/b4/658f06c8bc05f847e9ccd6b8131e6e4589bbeb875e239d568a821fd1babc/empyrical-0.1.10.tar.gz
+  md5: cf4439bad083150639ae5b27698c64d4
+
 
 requirements:
   build:
     - python
     - setuptools
-    - numpy x.x
+    - numpy >=1.9.2
     - pandas >=0.16.1
     - scipy >=0.15.1
     - bottleneck >=1.0.0
 
   run:
     - python
-    - numpy x.x
+    - numpy >=1.9.2
     - pandas >=0.16.1
     - scipy >=0.15.1
     - bottleneck >=1.0.0
 
+
 about:
   home: https://github.com/quantopian/empyrical
   license: Apache Software License
diff --git a/etc/requirements.txt b/etc/requirements.txt
index 6e672d39..a39eb475 100644
--- a/etc/requirements.txt
+++ b/etc/requirements.txt
@@ -66,4 +66,4 @@ intervaltree==2.1.0
 cachetools==1.1.5
 
 # For financial risk calculations
-empyrical==0.1.9
+empyrical==0.1.10
diff --git a/tests/resources/example_data.tar.gz b/tests/resources/example_data.tar.gz
index fcfd5cf9..ca9b2996 100644
Binary files a/tests/resources/example_data.tar.gz and b/tests/resources/example_data.tar.gz differ
diff --git a/zipline/finance/risk/cumulative.py b/zipline/finance/risk/cumulative.py
index 20b5e320..f17b3529 100644
--- a/zipline/finance/risk/cumulative.py
+++ b/zipline/finance/risk/cumulative.py
@@ -257,29 +257,33 @@ algorithm_returns ({algo_count}) in range {start} : {end} on {dt}"
         self.excess_returns[dt_loc] = (
             self.algorithm_cumulative_returns[dt_loc] -
             self.treasury_period_return)
+
+        risk_adj_returns = algorithm_returns_series - benchmark_returns_series
+
         self.beta[dt_loc] = beta(
             algorithm_returns_series,
             benchmark_returns_series
         )
         self.alpha[dt_loc] = alpha(
             algorithm_returns_series,
-            benchmark_returns_series
+            benchmark_returns_series,
+            _beta=self.beta[dt_loc]
         )
         self.sharpe[dt_loc] = sharpe_ratio(
-            algorithm_returns_series,
-            benchmark_returns_series
+            risk_adj_returns
         )
         self.downside_risk[dt_loc] = downside_risk(
-            algorithm_returns_series,
-            benchmark_returns_series
+            risk_adj_returns
         )
         self.sortino[dt_loc] = sortino_ratio(
-            algorithm_returns_series,
-            benchmark_returns_series
+            risk_adj_returns,
+            _downside_risk=self.downside_risk[dt_loc]
         )
+        # 0.0 for the second argument allows the passing of already-adjusted
+        # returns for the first argument.
         self.information[dt_loc] = information_ratio(
-            algorithm_returns_series,
-            benchmark_returns_series
+            risk_adj_returns,
+            0.0
         )
         self.max_drawdown = max_drawdown(
             algorithm_returns_series
diff --git a/zipline/finance/risk/period.py b/zipline/finance/risk/period.py
index a308db2a..263294e2 100644
--- a/zipline/finance/risk/period.py
+++ b/zipline/finance/risk/period.py
@@ -123,17 +123,19 @@ class RiskMetricsPeriod(object):
         # In the meantime, convert nan values to 0.0
         if pd.isnull(self.sharpe):
             self.sharpe = 0.0
+        risk_adj_returns = self.algorithm_returns - self.benchmark_returns
         self.downside_risk = downside_risk(
-            self.algorithm_returns,
-            self.benchmark_returns
+            risk_adj_returns
         )
         self.sortino = sortino_ratio(
-            self.algorithm_returns,
-            self.benchmark_returns
+            risk_adj_returns,
+            _downside_risk=self.downside_risk
         )
+        # 0.0 for the second argument allows the passing of already-adjusted
+        # returns for the first argument.
         self.information = information_ratio(
-            self.algorithm_returns,
-            self.benchmark_returns
+            risk_adj_returns,
+            0.0
         )
         self.beta = beta(
             self.algorithm_returns,
@@ -141,7 +143,8 @@ class RiskMetricsPeriod(object):
         )
         self.alpha = alpha(
             self.algorithm_returns,
-            self.benchmark_returns
+            self.benchmark_returns,
+            _beta=self.beta
         )
         self.excess_return = self.algorithm_period_returns - \
             self.treasury_period_return