713 episodes

Step into the fascinating realm of finance and investing with Niels Kaastrup-Larsen and an amazing line-up of co-hosts as your guide. Each week, we engage in captivating conversations with renowned investors, esteemed economists, skilled traders, and visionary thought leaders. Discover the wisdom derived from their journeys, embracing their triumphs and learning from their setbacks. At TTU, we strive to ignite your independent thinking, encouraging you to chart your own path to financial success. Tune in to stay informed and inspired on the ever-evolving landscape of finance and investing. Stay up-to-date with our latest episodes and blogposts at https://toptradersunplugged.com

Top Traders Unplugged Niels Kaastrup-Larsen

    • Business
    • 4.9 • 47 Ratings

Step into the fascinating realm of finance and investing with Niels Kaastrup-Larsen and an amazing line-up of co-hosts as your guide. Each week, we engage in captivating conversations with renowned investors, esteemed economists, skilled traders, and visionary thought leaders. Discover the wisdom derived from their journeys, embracing their triumphs and learning from their setbacks. At TTU, we strive to ignite your independent thinking, encouraging you to chart your own path to financial success. Tune in to stay informed and inspired on the ever-evolving landscape of finance and investing. Stay up-to-date with our latest episodes and blogposts at https://toptradersunplugged.com

    SI292: Is Cocoa becoming Too Hot for Trend Followers? ft. Rob Carver

    SI292: Is Cocoa becoming Too Hot for Trend Followers? ft. Rob Carver

    Today, Rob Carver joins me to answer questions about MatLab as a backtesting tool, why you should be careful to apply trend following in crypto and what Rob think about seasonality and relative value as strategies. We also dive into why Rob has increased his allocation to trend following and his thought process when building portfolios, how the surging price of cocoa has impacted the trend following industry and much more.
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    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
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    Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
    IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer here.
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
    Follow Rob on Twitter.
    Episode TimeStamps:
    01:05 - What has been on our radar recently?
    06:15 - Industry performance update
    09:54 - Q1, Paul: Where can I learn MatLab?
    13:38 - Q2, Byleth: What is Rob's experience with trend in crypto?
    20:41 - Q3, Tauras: What are Rob's thoughts on seasonality and relative value as strategies?
    26:23 - Are strategies like seasonality convergent?
    27:14 - Rob's thoughts on relative value as a strategy
    32:00 - Shock! Horror! I've increased my CTA allocation
    41:07 - Rob's thought process on portfolio allocation
    46:19 - Vol scaling with a nice cup of hot cocoa
    57:43 - Path-dependence vs. non-path dependence
    59:53 - Final thoughts and a cliff hanger
    Copyright © 2023 – CMC AG – All Rights Reserved
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    PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
    1. eBooks that cover key topics that you need to know about
    In my eBooks, I put together some key discoveries...

    • 1 hr 1 min
    IL25: Any Happy Returns... the Next Super Cycle? ft. Peter Oppenheimer

    IL25: Any Happy Returns... the Next Super Cycle? ft. Peter Oppenheimer

    In this episode Peter Oppenheimer, Chief Global Strategist and Head of Macro Research in Europe for Goldman Sachs joins us to discuss his new book Any Happy Returns: Structural Changes and Super Cycles in Markets. Peter believes financial cycles are the primary driver of investor returns. He explains how each cycle consists of four phases with distinct characteristics in terms of returns, earnings growth and valuations. We talk about the structural changes that are creating headwinds for markets in our current super-cycle and how AI and the energy transition might help offset them.
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    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
    IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer here.
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
    Follow Kevin on SubStack & read his Book.
    Follow Peter on LinkedIn & read his book.
    Episode TimeStamps:
    02:07 - Introduction to Peter Oppenheimer
    04:59 - What do financial cycles derive from?
    07:19 - What drives the cycles?
    09:31 - A desynchronisation in the cycles
    12:15 - Are we entering an optimism phase?
    14:39 - Interpreting the signals
    17:38 - Does Peter see room for interest rates to rise?
    21:59 - What drives the high corporate profits in GDP?
    26:54 - Are companies losing their...

    • 57 min
    SI291: Trend Following...What should it mean to Investors? ft. Richard Brennan

    SI291: Trend Following...What should it mean to Investors? ft. Richard Brennan

    In this episode, we are joined by Richard Brennan to discuss why now is the time to step up your trend following allocation. Rich challenges Andrew Beer’s conclusion that a 3% allocation to trend following is the sweet spot and explains why he believes the trend following industry should simplify its narrative and quit the fancy “jargon”. We also discuss what defines a trend follower and why we may be losing the incentive to keep improving as trend followers, new research on the impact of crises and much more.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
    IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer here.
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
    Follow Rich on Twitter.
    Episode TimeStamps:
    02:08 - What has been on our radar recently?
    08:33 - Industry performance update
    16:02 - What is the optimal allocation to trend following?
    24:02 - Do trend followers have fiduciary responsibility?
    27:09 - Why is Andrew Beer having trouble with his trend following allocation?
    31:30 - Are we moving too far away from the classic trend following?
    37:21 - What does it take to call yourself a trend follower?
    42:01 - Discussing Corey Hoffstein's approach
    46:44 - What about the fees?
    50:34 - Are we losing the incentive to improve?
    58:45 - The impact of crises
    01:07:11 - Sign up for our new newsletter
    01:08:26 - What is up for next week?
    Copyright © 2023 – CMC AG – All Rights Reserved
    ----
    PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
    1. eBooks that cover key topics

    • 1 hr 9 min
    TTU146: The value of Unpredictable Alpha ft. Anthony Todd

    TTU146: The value of Unpredictable Alpha ft. Anthony Todd

    Today, we are delighted to be joined by Anthony Todd, Co-Founder & CEO of Aspect Capital, for an insightful discussion on the role of systematic trading and trend following in today’s economy. We also discuss what has driven Aspect Capital’s shift towards developing multiple strategies and how they guide their clients to make better investment decisions, whether the trend following industry should be concerned about replication strategies and how allocations are funded today. Lastly, we discuss how Aspect Capital uses AI in their work and how systematic trading has changed as a whole with the rise of AI, what Todd is most excited and concerned about in 2024 and much more.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
    IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer here.
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
    Follow Alan on Twitter.
    Follow Todd on LinkedIn.
    Find out more about DUNN Capital
    Episode Timestamps:
    02:24 - Introduction to Anthony Todd and Aspect Capital
    05:43 - A global macro perspective
    09:45 - How has the industry evolved?
    13:51 - Are investors under-allocated to trend?
    17:11 - Trend following - a return enhancer?
    20:37 - The correlation between stocks and bonds
    25:27 - The path to offering multible strategies
    29:47 - Balancing choices and guiding clients and investors
    33:26 - Are CTAs threatened by replication strategies?
    39:11 - How...

    • 1 hr 11 min
    SI290: Honey, I Shrunk the Trend Following ft. Andrew Beer

    SI290: Honey, I Shrunk the Trend Following ft. Andrew Beer

    Today, we are joined by Andrew Beer to discuss why the current surge in Cocoa prices really is a big deal for our industry, but how CTAs have been selling it this year, against many main stream media reports. We also dig into how the strong performance in Q1 2024 is helping Trend Following making its way into more Model Portfolios and the existential crisis that we are seeing in the Model Portfolio world. We explain how the narrative around trend following is changing and why replication strategies are becoming less radical. And we wrap up our conversation touching on what the optimal allocation to trend following should be based on the latest publication from Man Institute, the challenges of dealing with unrealistic expectations in the trend following space and much more.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
    IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer here.
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
    Follow Andrew on Twitter.
    Episode TimeStamps:
    01:16 - What has been on our radar recently?
    05:38 - Industry performance update
    06:49 - What is the big deal with Cocoa?
    11:49 - What causes the rising Cocoa prices?
    13:56 - A fantastic start to the year for trend following
    16:58 - Industry performance update continued
    18:12 - Q1, Peter: What percentage of your liquid net worth do you have invested in DBMF?
    22:05 - What does Q1 2024 mean for CTAs?
    30:51 - A period of normalcy
    34:02 - A change in the trend following narrative
    42:54 - Are replication strategies becoming less radical?
    46:22 - Stacking returns - a good or bad idea?
    52:35 - Honey, I...

    • 1 hr 15 min
    ALO22: Finding an Absolute Return Solution for a C$11BN Pension Plan ft. Christophe L'Ahelec

    ALO22: Finding an Absolute Return Solution for a C$11BN Pension Plan ft. Christophe L'Ahelec

    Christophe L’Ahelec, Managing Director of Public Markets at University Pension Plan Ontario, joins Alan Dunne in this episode to discuss their approach to managing the C$11bn defined benefit pension plan. We discuss the high level Strategic Asset Allocation of the plan and also how the changed macro environment in recent years has motivated a shift in the asset allocation towards more absolute return strategies. Such strategies play a dual role of diversification and return enhancement for UPP and we discuss how Christophe thinks about an appropriate strategy allocation within absolute return. We also delve into the challenges of manager selection and evaluation, why it is important to remember that you are buying an “investment process” not historical returns when allocating to managers and discuss when is it appropriate to remove a manager and when not.
    -----
    EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool
    -----

    Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
    IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
    And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.
    Learn more about the Trend Barometer here.
    Send your questions to info@toptradersunplugged.com
    And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
    Follow Alan on Twitter.
    Follow Christophe on LinkedIn.
    Episode TimeStamps:
    02:50 - Introduction to Christophe L'Ahelec
    07:06 - A new initiative
    10:01 - What kind of strategy drives their asset allocation?
    12:40 - What goes into which bucket?
    14:45 - What makes absolute return exposure more attractive at the moment?
    16:31 - Constructing an absolute return portfolio
    18:38 - How they approach trend following
    21:58 - Why do they use leverage?
    23:32 - What do they expect from their...

    • 56 min

Customer Reviews

4.9 out of 5
47 Ratings

47 Ratings

Ossiemark ,

Tina

Reverse TINA = There Are Reasonable Alternatives.

DaveW Aus ,

Get to the Real Stuff

This is easily the best series I've found from real traders who have serious AUM sharing their experiences and insights with the rest of us. I appreciate the generosity of the host and guests in sharing their real experiences and insights freely. There's no pretension, no grandiose promises, just honest, insightful and mature reflections from people who've had years of experience in the industry. Every episode is a treasure trove.

CaptUndetpants ,

My new favorite

This podcast really does give an honest and upfront insight into the professional traders experience and practices.
They are an inspiration for me to succeed and and a salve to help me through drawdowns!

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