Top Traders Unplugged

Niels Kaastrup-Larsen
  • 4,9 (30)
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Top Traders Unplugged

Explore the captivating world of investing with Niels Kaastrup-Larsen and his incredible co-hosts. Each week, we delve into engaging conversations with renowned investors, top economists, expert traders, and visionary thought leaders. Our discussions cover Trend Following, Global Macro, Geo-Politics, Commodities, Quant Investing, Crypto, Volatility, and much more. Unlock valuable insights from seasoned professionals, celebrating their triumphs and learning from their obstacles. Tune in every week to stay informed and inspired in the dynamic world of trend following, global macro and investing. For the latest episodes and blog posts, visit https://toptradersunplugged.com

  1. OI11: Avoiding the Herd: A Different Path to Alpha ft. Jerome Callut

    VOR 1 TAG

    OI11: Avoiding the Herd: A Different Path to Alpha ft. Jerome Callut

    In today’s episode Moritz Seibert is joined by Jerome Callut, one of the founders of DCM Systematic, a quantitative hedge fund based in Geneva, Switzerland. DCM Systematic aims to produce returns that are uncorrelated to trend following CTAs by pursuing a different path to alpha. In fact, the team around Jerome is very much focused on avoiding getting into trend following trades. Instead, they emphasize strategies which anticipate the flows of other traders and use several behavior-based models to distinguish themselves from the SG CTA index and other industry benchmarks. Jerome and Moritz speak discuss generic trade examples and Jerome explains why pro-active and re-active risk management is very important for them. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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 Moritz on Linkedin. Follow Jerome on LinkedIn. Episode TimeStamps: 02:21 - Introduction to Jerome Callut 03:52 - Why they use non-trend following models 08:42 - What would happen if they added a trend following component to their model? 09:57 - The 3 categories of their trading system 11:11 - Category 1, Behavioural: Anticipating the flows and trades of other traders 15:35 - An example of how they handle flow 18:35 - Did Callut anticipate the unwind of the Japanese Yen carry trade? 21:51 - Exploiting the skid marks in the markets 23:53...

    58 Min.
  2. SI322: Market Narratives and the Unpredictable Alpha ft. Mark Rzepczynski

    VOR 5 TAGEN

    SI322: Market Narratives and the Unpredictable Alpha ft. Mark Rzepczynski

    In this episode, Mark Rzepczynski joins Alan Dunne to explore narratives, rationality, and behavioral uncertainty, particularly in the context of trend following. They discuss recent market trends in the wake of the election, with a focus on bond market movements. Mark shares insights on the current stage of the risk cycle and whether we’re witnessing an excessive buildup of leverage in the financial system. The conversation also delves into two fascinating studies: one on the significance of having access to the news and accurate information in trading, and another on how equity analysts forecast earnings—both with implications for trend following strategies. Finally, they examine the narratives currently shaping markets and debate whether trend following can be considered a source of “unpredictable alpha.” ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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 Mark on Twitter. Episode TimeStamps: 00:39 - What has been on our radar recently? 05:43 - Industry performance update 10:17 - New times for bonds 14:37 - The issue is always in the details 19:02 - What is driving markets at the moment? 22:36 - The perspective on treasuries is changing 26:34 - Trend followers are going crypto 29:22 - Does crypto make sense in trend following? 30:47 - Where are we in the risk cycle? 34:57 - How spikes in credit spreads have impacted leverage 38:16 - Does "perfect information" exist? 43:27 - A kind and a wicked...

    1 Std. 8 Min.
  3. IL32: Unpacking Inflation: What History Teaches Us About Today's Economy ft. Carola Binder

    13. NOV.

    IL32: Unpacking Inflation: What History Teaches Us About Today's Economy ft. Carola Binder

    Today we share an engaging discussion with Carola Binder, who explores the intricate relationship between inflation and democracy in the United States. Binder argues that inflation has been a crucial part of economic debate since the nation’s founding, intertwined with the political landscape and the fate of democracy itself. She highlights the significant divergence in inflation expectations between Republicans and Democrats, particularly during the Biden presidency, where rising inflation expectations were predominantly driven by Republicans. The conversation delves into how historical perspectives on inflation have shifted, from concerns about devaluation and price stability to modern debates on monetary policy and the role of central banks. Binder also examines the implications of these dynamics for future inflation and the credibility of the Federal Reserve, providing insights that resonate with current economic challenges. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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 Carola on LinkedIn and a...

    55 Min.
  4. SI321: Post Election - Why Trends Matter More Than Ever ft. Alan Dunne

    8. NOV.

    SI321: Post Election - Why Trends Matter More Than Ever ft. Alan Dunne

    Together with Alan Dunne, we delve into the shifting landscape of systematic investing, highlighting the growing use of quant based strategies as well as AI and machine learning in portfolio management. The discussion also emphasizes the significant impact of concentration within the S&P 500, with Goldman Sachs now predicting that this could lead to lower returns for traditional equity investments in the coming decade. We explore various economic themes, and note the challenges facing Europe compared to the optimism in the US markets. We also reflect on the recent elections and their implications for future economic policies. The conversation wraps up with insights on trend following strategies and how they can enhance portfolio diversification, particularly in a climate of rising yields and market volatility. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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. Episode TimeStamps: 01:05 - What has caught our attention recently? 03:17 - Dark times ahead for Europe? 06:26 - An analysis of the election 11:46 - Niels' thoughts on the election outcome 14:58 - Alan's thoughts on the election outcome 18:11 - A global macro perspective 28:00 - Has the election outcome any effect on the US deficits? 31:39 - Industry performance update 37:19 - Q1, Yann: I’m wondering if, for portfolio stability, it might make sense to replace bonds with outcome-defined or buffered ETFs. Any thoughts? 37:33 - Q1, Yann: I’m wondering if, for portfolio stability, it...

    1 Std. 3 Min.
  5. GM74: Navigating the Bond Market: What You Need to Know About Recent Trends ft. Stephen Miran

    6. NOV.

    GM74: Navigating the Bond Market: What You Need to Know About Recent Trends ft. Stephen Miran

    Stephen Miran, Senior Strategist at Hudson Bay Capital and Fellow at the Manhattan Institute joins Alan Dunne in this episode to explore the bond market outlook and broader economic trends. They delve into an influential paper Steve co-authored with Nouriel Roubini on Activist Treasury Issuance, examining how Treasury actions may have countered some of the Fed's monetary tightening this year. Steve shares his insights on the economy's current state, his view that the Fed may have erred with its recent 50 basis point cut, and how the upcoming election could shape economic policy. While much focus has been on potential tariff impacts under a Trump administration, Steve highlights the possible benefits of supply-side measures. The conversation also covers the drivers behind the rise in bond yields since the Fed’s rate cut and the medium-term outlook for fiscal policy and bonds. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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 Stephen on Twitter. Episode TimeStamps: 02:25 - Introduction to Steve Miran 05:53 - Why did Miran write his paper on Activist Treasury Issuance? 10:24 - How Quantitative Easing and Exchange Traded Instruments work 15:26 - Treasury is not a market timer 17:39 - Getting lost in the Fed jargon 21:06 - What is driving the increasing yields? 24:38 - The refunding - Miran's expectations 27:26 - The state of the labour...

    1 Std. 2 Min.
  6. SI320: Bonds: The Voldemort of Asset Allocation ft. Andrew Beer

    2. NOV.

    SI320: Bonds: The Voldemort of Asset Allocation ft. Andrew Beer

    In this week’s episode, Andrew Beer joins Alan Dunne to dive into the evolution of hedge funds, mutual funds, and ETFs within the managed futures space. Andrew give his perspective on the architecture of the CTA industry from the perspective of asset raising and the role that a diverse investor base plays in shaping product offerings within the sector. The conversation explores how liquid alternative investments compare with traditional hedge funds, examining what recent performance trends reveal about each. They also discuss the influence of narrative in CTA selection and analyse the resurgence of portable alpha and the growing interest in return stacking strategies, inspired by a recent Bloomberg article. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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. Follow Alan on Twitter. Episode TimeStamps: 01:13 - What has caught our attention recently? 03:30 - Industry performance update 04:48 - Andrew's perspective on the last few months 11:11 - Insights from the Hedge Nordic Event 16:49 - Picking the right managers 19:57 - A Hunger Games mentality 26:53 - Different products for different market segments 33:31 - Are hedge funds better than mutual funds? 43:20 - What we know about the performance of ETFs vs mutual funds 46:33 - Will replicators become more prominent? 53:49 - Tell me what you...

    1 Std. 5 Min.
  7. GM73: Debt, Deficits, and the Road Ahead ft. Jason Furman

    30. OKT.

    GM73: Debt, Deficits, and the Road Ahead ft. Jason Furman

    Jason Furman, Professor of Economics at Harvard and former Chairman of the Council of Economic Advisors under President Obama, joins Alan Dunne in this episode to share his thoughts on the current economic outlook. They explore the recent improvement in the inflation data, whether the Fed is justified in claiming victory in its inflation fight and the likely trajectory for inflation over the next year. On monetary policy, Jason expects further rate cuts from the Fed this year but is sceptical about how much additional easing we may see next year. That ‘s partially because he sees a higher neutral policy rate and partly because high fiscal deficits looks set to remain a feature of the next administration. Looking further ahead Jason offers his thoughts on the longer term growth outlook, the likelihood of an AI-led productivity boom, the pros and cons of active industrial policy and whether persistent fiscal deficits might eventually lead to a debt crisis. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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 Jason on Twitter. Episode TimeStamps: 02:10 - Introduction to Jason Furman 04:28 - The state of the economy 04:42 - Is inflation stickier than we thought it would be? 06:01 - Is inflation stickier than we thought it would be? 09:40 - The outlook for inflation 12:34 - A move in the right direction? 14:34 - Is the neutral rate a useful concept? 17:35 -

    59 Min.
  8. SI319: The Surprising Factors Behind CTA Performance: Is Less More? ft. Rob Carver

    25. OKT.

    SI319: The Surprising Factors Behind CTA Performance: Is Less More? ft. Rob Carver

    Today, we delve into the nuances of systematic investing with Rob Carver, focusing on the concept of replication in trend-following strategies. The discussion contrasts different approaches to replication, highlighting the potential pitfalls of return-based methods that attempt to mimic established indices. We emphasize that simply increasing the number of markets in a portfolio may not lead to better diversification, as it could ultimately expose investors to similar risk factors. We also explore the implications of a recent paper from Newfound Research, which uses random data to challenge traditional views on replication effectiveness. With insights on factors influencing CTA performance and the importance of understanding true diversification, this conversation offers valuable perspectives for both investors and practitioners in the systematic trading space. ----- 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 “Ten Reasons to Add Trend Following to Your Portfolio” 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: 00:57 - What has caught our attention recently? 05:55 - Should trend followers lower their horizon? 09:26 - The AI CTA's are being tracked 10:37 - An economic Kayfabe 13:58 - Are interest rates approaching a Minsky moment? 18:44 - Industry performance update 20:33 - Q1, CryptoCaptainX3: How do you manage intraday adverse price movement risk while running a daily system? 25:43 - Q1.1 CryptoCaptainX3: How to manage overnight gap risk for futures instruments which trade only 6 hours a day? 26:13 - Q1.2 CryptoCaptainX3: Can...

    1 Std. 22 Min.
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Moderation und Gäste

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Explore the captivating world of investing with Niels Kaastrup-Larsen and his incredible co-hosts. Each week, we delve into engaging conversations with renowned investors, top economists, expert traders, and visionary thought leaders. Our discussions cover Trend Following, Global Macro, Geo-Politics, Commodities, Quant Investing, Crypto, Volatility, and much more. Unlock valuable insights from seasoned professionals, celebrating their triumphs and learning from their obstacles. Tune in every week to stay informed and inspired in the dynamic world of trend following, global macro and investing. For the latest episodes and blog posts, visit https://toptradersunplugged.com

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  • Erstellt von
    Niels Kaastrup-Larsen
  • Jahre aktiv
    2014 - 2024
  • Folgen
    774
  • Bewertung
    Unbedenklich
  • Copyright
    © Copyright 2024 CMC AG - This content does not constitute financial advice and is for educational purposes only. The content can not be used for commercial use without written permission from CMC AG.
  • Sendungswebsite
    Top Traders Unplugged

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