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Top Traders Unplugged

Niels Kaastrup-Larsen
Trend Following
Inflation
Market Volatility
Volatility
Interest Rates
Financial Markets
Investment Strategy
Systematic Investing
Trend Following Trading
Central Banks
China
Commodities
Market Efficiency
Asset Allocation
Global Economy
Geopolitics
Federal Reserve
Investment Strategies
Alternative Markets
Liquidity

Top Traders Unplugged is where the world’s best investors come to share how they think - not just what they trade. Hosted by Niels Kaastrup-Larsen, the show goes deep into systematic trend following, global macro, and the principles that drive long-term success. No forecasts. No fads. Just real conversations with hedge fund managers, economists, authors, and allocators - revealing the timeless ide... more

PublishesTwice weeklyEpisodes900Founded12 years ago
Number of ListenersCategories
InvestingBusiness NewsBusinessNews

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Artwork for Top Traders Unplugged

Latest Episodes

Katy Kaminski joins us to assess the early signals shaping markets in 2026. The conversation explores the resurgence of commodity trends, the role of volatility estimation, and why diversification across markets and speeds matters more than ever. Dra... more

In this episode, Alan Dunne is joined by Dario Perkins to examine why the global macro consensus may be fundamentally misreading the current cycle. The conversation moves from US fiscal stimulus and Federal Reserve credibility to the limits of the K-... more

In this episode, Niels hosts Yoav Git to explore inflation risk, bond fragility, and the changing role of trend following in a world defined by supply shocks and declining trust. Drawing on recent research and market behavior, the conversation examin... more

Today we discuss one of the most popular and influential economic books of the last few decades - The Winner’s Curse. Originally published in 1994, a new version has just been released and we are joined by co-author Alex Imas who wrote the new editio... more

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Recent Guests

Dario Perkins
Managing Director of Global Macro at TS Lombard, former Senior European Economist at ABN and AMRO, and former Senior Economic Advisor at the UK Treasury.
TS Lombard
Episode: GM95: When Consensus Gets the Cycle Wrong ft. Dario Perkins
Alex Imas
Economist and professor at the University of Chicago, co-author of The Winner's Curse.
University of Chicago
Episode: IL45: Where Markets Reveal Human Error ft. Alex Imas
Mark Blyth
William R. Rhodes, 57th Professor of International Economics and Professor of International and Public Affairs at Brown University.
Brown University
Episode: GM94: When Capitalism Reboots and Crashes Again ft. Mark Blyth
William White
Senior Fellow at the CD Howe Institute in Toronto, former Economic Advisor at the Bank for International Settlements
CD Howe Institute
Episode: GM93: The Calm Before a Systemic Reckoning ft. William White
Aubrie Pagano
General Partner at Alpaca VC, previously an entrepreneur who built the online apparel company Bell & Drape.
Alpaca VC
Episode: IL44: From AI Hype to Transformative AGI ft. Aubrie Pagano
Doug King
A hedge fund manager and commodity trader, owner of Coventry Football Club.
Merchant Commodity Fund
Episode: OI20: Why Commodities Refuse to Trend Forever ft. Doug King
Joe Little
Global Chief Strategist at HSBC Asset Management, leads macro and multi-asset research and sets the firm's house view on global markets.
HSBC Asset Management
Episode: ALO32: AI Booms, Fiscal Strains and the New Macro Regime ft. Joe Little
Mike Bird
Economist Wall Street Editor and author of The Land Trap
Episode: IL43: The Land Trap: How Property Shapes Power ft. Mike Bird
David Dredge
Financial expert known for his insights into market volatility and risk management
Episode: UGO08: The Coming Hunger Games for Global Savings ft. David Dredge

Hosts

Niels Kaastrup-Larsen
Host and Veteran Hedge Fund Manager, focusing on systematic investing and market dynamics.
Alan Dunn
Co-host and guest host with a background in systematic investing.

Reviews

4.9 out of 5 stars from 1.6k ratings
  • Episode 377 (Alan Dunne)

    Great conversation guys. Well said Alan.

    I look forward to studying your paper.

    Apple Podcasts
    5
    pam6481
    United States2 months ago
  • Vol

    Every time Cem is on he says Vol a gazillion times!

    Apple Podcasts
    5
    maybdihjlz
    United States3 months ago
  • Best enduring investments podcast

    I love the show, but I wish they would include the papers they reference in the show notes.

    Apple Podcasts
    5
    Hbarbat
    United States5 months ago
  • Let the guests talk

    Love Cem and crumbs over the year, but when he is the interviewer he needs to let the guests talk more.

    Apple Podcasts
    5
    pmdaddy
    United States5 months ago
  • Still have not interviewed Armstrong

    Podcast Addict
    4
    Thanos
    6 months ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Feedback indicates a desire for more interactive formats, where guests can contribute more extensively to the discussions.
Listeners appreciate the in-depth insights provided by industry veterans, noting the podcast as a rich source of educational content regarding financial markets and investing strategies.
Overall, the quality of guests and the informative nature of the content are highlighted as outstanding aspects that keep listeners returning.
Many praise the hosts' ability to engage with expert guests, sharing meaningful conversations that enhance understanding of complex topics.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#127
United States/Business/Investing
Apple Podcasts
#70
United Kingdom/Business/Investing
Apple Podcasts
#109
Canada/Business/Investing
Apple Podcasts
#192
Canada/Business
Apple Podcasts
#210
United Kingdom/Business
Apple Podcasts
#127
Germany/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

IL45: Where Markets Reveal Human Error ft. Alex Imas
Q: Could you tell us a little bit about what happened to you on that trip?
Alex shares how he discovered behavioral economics while listening to Richard Thaler on the radio, which led him to pursue a PhD in the field.
GM94: When Capitalism Reboots and Crashes Again ft. Mark Blyth
Q: From your perspective, how do you trace that rise and fall of neoliberalism, and how do you define what we're moving into now in this new regime?
It's all in the middle of Angrynomics, the book I did with Eric Lonergan, outlining the structure of global macro changes.
SI381: Process Over Pain: Trend Following in an Unforgiving Market (Group Conversation Part 2)
Q: Does the AI revolution influence how you are building models?
AI is being cautiously integrated into our processes, aiding in coding, summarizing client discussions, and improving model testing, but it is not a replacement for sound investment decisions.
SI381: Process Over Pain: Trend Following in an Unforgiving Market (Group Conversation Part 2)
Q: How do you feel about the changes in trend following strategies in response to recent market conditions?
Traders need to reflect on the effectiveness of their models and not change them merely in response to pain. A stable process is crucial for maintaining trust and clarity in uncomfortable market conditions.
SI380: Dispersion Is the Story This Year (Group Conversation Part 1)
Q: How long do investors actually need to evaluate manager performance?
Statistically, it can require years or even decades to confidently assess a manager's performance, depending on the correlation between strategies and the degree of outperformance.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Gender Skew
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Frequently Asked Questions About Top Traders Unplugged

What is Top Traders Unplugged about and what kind of topics does it cover?

Compelling conversations with industry veterans in finance and investing are at the core of this series. Listeners can expect a diverse array of discussions on vital topics such as systematic investing, global macroeconomic trends, trend-following strategies, and geopolitical influences on markets. With contributions from respected traders, economists, and financial strategists, the series provides fascinating insights into the complexities of the modern investment landscape. Notably, engaging stories and actionable advice distinguish this series, making it a valuable resource for both seasoned investors and those seeking to deepen their understanding of financial markets.

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Which podcasts are similar to Top Traders Unplugged?

These podcasts share a similar audience with Top Traders Unplugged:

1. The Market Huddle
2. Monetary Matters with Jack Farley
3. Forward Guidance
4. Macro Voices
5. Excess Returns

How many episodes of Top Traders Unplugged are there?

Top Traders Unplugged launched 12 years ago and published 900 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Top Traders Unplugged?

Recent guests on Top Traders Unplugged include:

1. Dario Perkins
2. Alex Imas
3. Mark Blyth
4. William White
5. Aubrie Pagano
6. Doug King
7. Joe Little
8. Mike Bird

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