Top Traders Unplugged

Niels Kaastrup-Larsen
undefined
15 snips
Oct 1, 2025 • 1h 3min

IL42: Redefining Sovereignty in a Borderless Financial System ft. Zoe Liu

Dr. Zoe Liu, an expert in Chinese state finance and author of 'Sovereign Funds', dives deep into China's evolving financial strategies. She discusses the fading appetite for U.S. Treasuries and how China is diversifying its dollar reserves. Zoe highlights the rise of stablecoins and how they challenge monetary sovereignty, especially in China, where anonymous dollar flows threaten government controls. She also explores China's unique approach to programmable money and the delicate balance of innovation versus state oversight.
undefined
42 snips
Sep 27, 2025 • 1h 7min

SI367: Portfolio Design in a Distorted World ft. Andrew Beer

Andrew Beer, a seasoned allocator and hedge fund commentator, joins to dissect today’s perplexing market dynamics. Despite equities soaring, the global backdrop feels unstable. They dig into Bouchard’s inelastic market hypothesis, examine CalPERS' shift towards Total Portfolio thinking, and discuss the structural intricacies within multi-strategy hedge funds. The conversation highlights why multi-strats continue to succeed against the odds, while exploring market complacency and the quiet shifts that could reshape investing landscapes.
undefined
7 snips
Sep 24, 2025 • 41min

UGO06: Democratizing the Asymmetric Trade ft. Vlad Tenev

Vlad Tenev, CEO of Robinhood, shares insights on democratizing trading tools traditionally reserved for institutions. He reflects on his family's experience with hyperinflation in Bulgaria and discusses Robinhood's new features, including 24-hour options and AI-driven trade simulations. Vlad highlights the importance of introducing short selling for retail investors and prepares for a significant wealth transfer with expanded products. He emphasizes a social component by connecting verified trades to user posts, creating a dynamic trading community.
undefined
43 snips
Sep 20, 2025 • 1h 2min

SI366: The Strategy Didn’t Fail. The Investors Did. ft. Rob Carver

Rob Carver shares insights on how despite strong performance, poor investor outcomes often stem from timing issues. They discuss the recent trend of asset management giants investing in managed futures and ponder if the current underperformance of CTAs indicates a structural change. The conversation highlights the crucial difference between a strategy's success and its execution. With a reflection on the Lehman Brothers' collapse anniversary, they shed light on investor behavior, emphasizing that knowing what works doesn’t guarantee successful investing.
undefined
24 snips
Sep 17, 2025 • 1h 4min

ALO31: What If the Illiquidity Premium Was Never Real? ft. Richard Tomlinson

Richard Tomlinson, CIO of LPPI, expertly manages £27 billion in pension assets, focusing on practical portfolio strategies. He discusses the declining relevance of terms like 'illiquidity premium' and the necessity of clear-eyed thinking in an evolving market. The conversation covers inflation's structural drivers, fiscal dominance's quiet rise, and the challenges in traditional investment assumptions. Tomlinson also details the complexities in local authority pension schemes and the critical balance needed in risk management and asset allocation.
undefined
39 snips
Sep 13, 2025 • 56min

SI365: Design or Luck: Why Trend Following Results Diverge ft. Katy Kaminski

Katy Kaminski, an expert in systematic investing and trend following, dives into the divergent results of trend-following strategies. She highlights how design choices, like signal pace and portfolio tilts, impact performance outcomes. The conversation also connects current market dynamics, including the Fed's decisions and Europe's bond issues, to the intricacies of risk management. Katy emphasizes the significance of understanding return dispersion and the challenges posed by crowding in alternative markets, offering a clear perspective on evolving systematic strategies.
undefined
50 snips
Sep 10, 2025 • 1h 5min

GM87: Who Really Sets Policy Now? ft. Anna Wong

Anna Wong, Chief U.S. Economist at Bloomberg and former economist at the Federal Reserve, shares vital insights into today’s economic landscape. She warns of a slow-burning inflation that markets might be underestimating. Anna tackles the unexpected effects of tariffs and discusses how AI is transforming the labor force, particularly impacting youth employment. The conversation also dives into the evolving culture at the Fed and the potential implications of a politically influenced central bank.
undefined
14 snips
Sep 6, 2025 • 1h 12min

SI364: What makes an Alternative Investment Truly Valuable? ft. Moritz Seibert

Moritz Seibert, a former co-host of the Systematic Investor Series and current co-host of the Open Interest Series, dives deep into what truly makes alternative investments valuable. He discusses the nuances of diversification and emphasizes how manager size and incentives shape the investment landscape. The conversation explores carbon trading markets, trading strategy optimizations, and the trade-offs between simplicity and complexity in investment systems. Moritz also sheds light on historical performance of various hedge fund strategies, urging listeners to rethink portfolio approaches.
undefined
17 snips
Sep 3, 2025 • 1h 1min

IL41: They’re Not Just Reading You... They’re Rewriting You ft. Sandra Matz

In this engaging conversation, Columbia professor Sandra Matz, an expert on the interplay between digital footprints and our mental lives, delves into how algorithms don't just predict but also shape behavior. She reveals how personalization can limit possibilities and discusses the ethical implications of data privacy. Matz highlights the surprising accuracy of algorithms in profiling our personalities and the risks of losing complexity in our identities. The discussion also emphasizes the need for transparency and user consent in our data interactions.
undefined
31 snips
Aug 30, 2025 • 1h

SI363: The Misreading of Trend ft. Nick Baltas

In this discussion, Nick Baltas, an expert in trend following and systematic investing, delves into the intricacies of CTA performance. He challenges the conventional wisdom around trend beta and highlights how changes in trend signal speed are redefining market dynamics. The duo explores the deeper structural divides in investing and questions whether chasing performance is less important than protecting against adverse paths. This engaging conversation emphasizes design over style and the subtle decisions that lead to enduring investment outcomes.

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app