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Alpha Exchange

Dean Curnutt
Risk Management
Inflation
VIX
Volatility
The Alpha Exchange
Central Bank Policy
Market Risk
Hedging Strategies
Asset Allocation
Financial Crisis
Stock Market
Covid-19
China Trade War
Central Banks
Bond Market
Personal Finance
Distressed Investing
Investment
Collateralized Loan Obligations
Volatility Risk Premium

The Alpha Exchange is a podcast series launched by Dean Curnutt to explore topics in financial markets, risk management and capital allocation in the alternatives industry. Our in depth discussions with highly established industry professionals seek to uncover the nuanced and complex interactions between economic, monetary, financial, regulatory and geopolitical sources of risk. We aim to learn fr... more

PublishesWeeklyEpisodes228Founded7 years ago
Number of ListenersCategories
BusinessInvestingManagement

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Artwork for Alpha Exchange

Latest Episodes

They say that diversification is the only “free lunch” in markets. Scatter your bets around and you’ll realize a reduction in volatility that helps you manage risk. That’s been happening at an epic scale in US equity markets: the 1m correlation among... more

It was a pleasure to welcome David Puritz back to the Alpha Exchange. A colleague of mine from 25 years ago and now the CIO of Shaolin Capital Management, Dave has some excellent insights to share on uncorrelated investing broadly and on the current ... more

In this discussion, I share my thoughts on the backdrop for both SPX realized and implied volatility, as I explore the question of whether there is value in optionality. We have 3 things going in terms of realized vol at the index level. It’s low, it... more

On this episode of the Alpha Exchange, I had the pleasure of reconnecting with Ken Rogoff, Professor of Economics at Harvard and former Chief Economist at the IMF. In our conversation, we explore themes from his latest book, Our Dollar, Your Problem,... more

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Recent Guests

David Puritz
Founder and Chief Investment Officer
Shaolin Capital Management
Episode: David Puritz, Founder and Chief Investment Officer, Shaolin Capital Management
Ken Rogoff
Professor of Economics at Harvard and former Chief Economist at the IMF
Harvard University
Episode: Ken Rogoff, Professor of Economics, Harvard and Former Chief Economist, IMF
Ben Hunt
Co-Founder and CIO of Perscient
Perscient
Episode: Ben Hunt, Co-Founder, CIO and President, Perscient
Benn Eifert
Founder and CIO of QVR Advisors, a long short relative value hedge fund focused on trading volatility
QVR Advisors
Episode: Benn Eifert, Founder and CIO, QVR Advisors
John Marshall
Head of Derivatives Research at Goldman Sachs
Goldman Sachs
Episode: John Marshall, Head of Derivatives Research, Goldman Sachs
Dan Villalon
Global Co-Head of Portfolio Solutions at AQR Capital Management
AQR Capital Management
Episode: Dan Villalon, Global Co-Head of Portfolio Solutions, AQR Capital Management
Mitch Garfin
Co-Head of Leveraged Finance at BlackRock
BlackRock
Episode: Mitchell Garfin, Co-Head of Leveraged Finance, BlackRock
Ben Bowler
Global Head of Equity Derivatives Research at Bank of America Merrill Lynch
Bank of America Merrill Lynch
Episode: Benjamin Bowler, Managing Director and Global Head of Equity Derivatives Research at Bank of America
Steven Englander
Head of G10 FX Research at Standard Chartered Bank
Standard Chartered Bank
Episode: Steve Englander, Head of G10 FX and North America Macro Strategy, Standard Chartered

Host

Dean Curnutt
Host and financial expert focused on exploring intricate topics related to finance, risk, and capital allocation through discussions with industry leaders and practitioners.

Reviews

4.9 out of 5 stars from 184 ratings
  • Nice Vol Review

    Nice Vol Review

    Apple Podcasts
    5
    san_prod
    Switzerland2 years ago
  • Glad I found it

    Thanks so much for creating it public

    Apple Podcasts
    5
    Collar John
    United States3 years ago
  • Love it!

    It’s definitely worth your time if you are trying to stay informed.

    Apple Podcasts
    5
    Mariann!!
    United States4 years ago
  • Colin Lancaster interview was great

    Alpha Exchange is one of my favorite podcasts. Really smart discussions around global macro, volatility, convexity. Great guests and Dean is a fantastic interviewer

    Apple Podcasts
    5
    Derivatives Trader
    United States4 years ago
  • Great content, great host

    I learn a lot whenever I listen to Alpha Exchange. Dean is able to secure terrific practitioners and knows how to draw out valuable insights from his guests. I always look forward to Alpha Exchange podcasts.

    Apple Podcasts
    5
    Blingo gold
    United States5 years ago

Listeners Say

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

Feedback indicates a strong appreciation for the show's focus on practical risk management strategies and financial narratives.
The content is characterized by its educational nature, making it valuable for both seasoned finance experts and newcomers.
The host's ability to draw out unique perspectives from guests is frequently highlighted, enhancing the show's appeal.
Listeners praise the insightful discussions around macroeconomic themes and the depth of interviews with industry professionals.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

Kris Kumar, Founder and CIO, Goose Hollow Capital
Q: How do you see the CapEx cycle affecting the economy and the markets?
The AI CapEx is capital intensive and may not generate as many jobs, which could lead to over-investment in technology without corresponding productivity gains.
Kris Kumar, Founder and CIO, Goose Hollow Capital
Q: What is your take on the US economy from a growth standpoint?
Consumption has slowed down dramatically, while investment, especially AI-related investment, has notably increased, indicating a shift towards investment-led dynamics.
John Marshall, Head of Derivatives Research, Goldman Sachs
Q: What is your perspective on the volatility risk premium and its relevance to investors?
The current low volatility environment suggests that the volatility risk premium is eroding; investors should focus on asymmetries rather than just harvesting this premium.
John Marshall, Head of Derivatives Research, Goldman Sachs
Q: Can you reflect on the evolution of clients' interests in derivatives over time?
Client demands evolve with market cycles; during robust economic growth, there's focus on individual company performance and catalysts, while in lower yield environments, clients look to extract yield from the options market.
Dan Villalon, Global Co-Head of Portfolio Solutions, AQR Capital Management
Q: Did you get a sense as to how significant a driver of the underperformance that might be?
Dan discusses that while management fees contribute to underperformance, the inherent costs of buying options and implementation frictions are also significant factors.

Audience Metrics

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Frequently Asked Questions About Alpha Exchange

What is Alpha Exchange about and what kind of topics does it cover?

Focus is placed on exploring intricate dynamics within financial markets, emphasizing risk management and capital allocation. Noteworthy discussions delve into economic, monetary, regulatory, and geopolitical influences shaping these markets, aiming to bridge the past with current market behavior through the lens of expert guests. Highlighting concepts such as the 'price of risk,' the content consistently addresses the impact of monetary policy on market conditions and investor sentiment, while specifically engaging with derivative products and their roles in market volatility and risk-taking strategies.

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How many subscribers and views does Alpha Exchange have?

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Which podcasts are similar to Alpha Exchange?

These podcasts share a similar audience with Alpha Exchange:

1. Flirting with Models
2. Top Traders Unplugged
3. Excess Returns
4. Macro Hive Conversations With Bilal Hafeez
5. The Market Huddle

How many episodes of Alpha Exchange are there?

Alpha Exchange launched 7 years ago and published 228 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Alpha Exchange?

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What guests have appeared on Alpha Exchange?

Recent guests on Alpha Exchange include:

1. David Puritz
2. Ken Rogoff
3. Ben Hunt
4. Benn Eifert
5. John Marshall
6. Dan Villalon
7. Mitch Garfin
8. Ben Bowler

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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