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Artwork for Alpha Exchange

Alpha Exchange

Dean Curnutt
Risk Management
Inflation
VIX
Volatility
The Alpha Exchange
Market Risk
Central Bank Policy
Stock Market
Hedging Strategies
Financial Crisis
Covid-19
Asset Allocation
Central Banks
Bond Market
China Trade War
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

PublishesTwice weeklyEpisodes249Founded7 years ago
Number of ListenersCategories
InvestingBusinessManagement

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Artwork for Alpha Exchange

Latest Episodes

Kris Abdelmessih, author of the MoonTower Substack and founder of the options analytics firm MoonTower.ai., has spent years thinking about option pricing, volatility regimes, and the mental math traders use to translate volatility into price. In this... more

As Chairman and CEO, Zach Buchwald leads Russell Investments, a firm overseeing $370bln in client assets and celebrating its 90th anniversary in providing portfolio management services to institutions and individuals.

Zach details the open-architec... more

Amidst these very uncertain times in the economy, geopolitics, and asset prices, it was excellent to welcome Alberto Gallo, founder and CIO of Andromeda Capital Management, back to the Alpha Exchange.

Our conversation first considers the long arc o... more

With early exposure to Paul Tudor Jones and then stints on the sell-side in credit research, Michael Contopoulos is now Deputy CIO of Richard Bernstein Advisors, a macro-oriented asset manager overseeing roughly $20 billion across long-only portfolio... more

Key Facts

Accepts Guests
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Podcast Host
Number of Listeners
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Recent Guests

Kris Abdelmessih
Author of the MoonTower Substack and founder of MoonTower.AI
MoonTower.AI; MoonTower Substack
Episode: Kris Abdelmessih, Co-Founder, Moontower.ai
Zach Buchwald
CEO and Chairman of Russell Investments
Russell Investments
Episode: Zach Buchwald, Chairman and CEO, Russell Investments
Alberto Gallo
Founder and Chief Investment Officer
Andromeda Capital Management
Episode: Alberto Gallo, Founder and Chief Investment Officer, Andromeda Capital Management
Michael Contopoulos
Deputy CIO of Richard Bernstein Advisors
Richard Bernstein Advisors
Episode: Michael Contopoulos, Deputy Chief Investment Officer, Richard Bernstein Advisors
Louis Gave
Founding partner and CEO of Gavekal, a global macro advisory firm
Gavekal
Episode: Louis Vincent Gave, Founding Partner & Chief Executive Officer, Gavekal Research
Libby Cantrill
Head of public policy at Pimco
Pimco
Episode: Libby Cantrill, Head of Public Policy, PIMCO
Alex Urdea
Founder and CIO of Deep Ocean Partners
Deep Ocean Partners
Episode: Alex Urdea, Founder and CIO, Deep Ocean Partners
Andrew Lapthorne
Global Head of Quantitative Research at Societe Generale
Societe Generale
Episode: Andrew Lapthorne, Global Head of Quantitative Research, Societe Generale
Kumaran Vijayakumar
Co-Founder and CEO of DataDock Solutions
DataDock Solutions
Episode: Kumaran Vijayakumar, Co-Founder and CEO, DataDock Solutions

Host

Dean Curnutt
Host of The Alpha Exchange

Reviews

4.9 out of 5 stars from 193 ratings
  • Excellent

    Excellent podcast. Informative. I came across it while looking for Mandy Xu interviews— I like her vix analysis — wound up here and I’m hooked.

    Apple Podcasts
    5
    sp312_IOMT
    United States4 months ago
  • Nice Vol Review

    Nice Vol Review

    Apple Podcasts
    5
    san_prod
    Switzerland3 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 States5 years ago

Listeners Say

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

Listeners praise the depth and sophistication of macro and quantitative discussions.
The show is commended for avoiding partisan politics while delivering rigorous market analysis.
Guests consistently bring high-level expertise, yielding practical risk-management ideas.
Insightful and authoritative host with a strong track record in extracting actionable takeaways.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

Zach Buchwald, Chairman and CEO, Russell Investments
Q: You'd love to learn a little bit more about how Russell has incorporated privates and private markets into client portfolios; how do you approach that within your framework?
He explains the mix of private markets within Russell's portfolio offerings, the range of client risk tolerances, liquidity considerations, and how private assets are integrated alongside public markets to enhance diversification and outcomes.
Zach Buchwald, Chairman and CEO, Russell Investments
Q: Tell us a little bit about your move to Russell, and then we'll start to dig into the product set, the clients and so forth.
The guest discusses his career path and how his experience across Morgan Stanley and BlackRock informs Russell's OCIO models, emphasizing a client-centric, integrated approach to portfolio construction and risk management.
Kris Abdelmessih, Co-Founder, Moontower.ai
Q: How do you think about option valuation when realized volatility spikes relative to implied volatility?
Implied volatility is forward-looking and tends to mean-revert, but real P&L depends on realized moves and how you manage hedging, gamma, and theta. The key is understanding that you are effectively trading movements (the straddle) rather than IV in isolation, and you adjust hedges frequently as volatility and spot move.
Michael Contopoulos, Deputy Chief Investment Officer, Richard Bernstein Advisors
Q: What do you consider the most prudent way to manage client capital?
Michael elaborates on RBA's philosophy that emphasizes macro asset allocation decisions, liquidity, and profit cycles over concentration in any single market segment.
Michael Contopoulos, Deputy Chief Investment Officer, Richard Bernstein Advisors
Q: How do you think about diversification in your investment strategy?
Michael discusses the importance of managing risk through diversification while avoiding over-diversification, highlighting the need to maintain strategic focus and discipline in portfolio construction.

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?

This program consistently draws deep-discussion conversations with senior professionals in macro, credit, and quantitative investing. Episodes center on risk pricing, monetary policy dynamics, volatility, and the evolving roles of private credit, AI-driven capex, and geopolitical risk in asset allocation. Guests are often practitioners from leading firms who share actionable frameworks for risk management, portfolio construction, and navigating regime changes in markets. A standout trait is its willingness to tackle complex concepts—like volatility risk premia, liquidity dynamics, and political risk—through rigorous, data-driven dialogue, making it a strong fit for listeners who want practical insights from top-tier market operators without... more

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Which podcasts are similar to Alpha Exchange?

These podcasts share a similar audience with Alpha Exchange:

1. Odd Lots
2. Capital Allocators – Inside the Institutional Investment Industry
3. Masters in Business
4. Exchanges
5. Flirting with Models

How many episodes of Alpha Exchange are there?

Alpha Exchange launched 7 years ago and published 249 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 Alpha Exchange?

Recent guests on Alpha Exchange include:

1. Kris Abdelmessih
2. Zach Buchwald
3. Alberto Gallo
4. Michael Contopoulos
5. Louis Gave
6. Libby Cantrill
7. Alex Urdea
8. Andrew Lapthorne

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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