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Odds on Open

Ethan Kho
Artificial Intelligence
Hedge Funds
Venture Capital
Investment Strategies
Generative AI
Investment Migration
Risk Management
Citadel
Quantitative Finance
Startups
Alternative Data
Quantitative Trading
Founders
Residency By Investment Programs
Golden Visa Programs
Machine Learning
Quant Trading
Portugal
Spain
High-Frequency Trading

Conversations with leading thinkers on trading and investing. Hosted by Ethan Kho. Produced by Patrick Kho.

PublishesTwice weeklyEpisodes60Foundeda year ago
Number of ListenersCategory
Business

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Artwork for Odds on Open

Latest Episodes

Apply to Onyx’s Junior Tech Graduate Scheme here: verichain.io/apply/0aa1debe-ac6c-452f-9421-da6cbf4a3e8cDeWayne Louis (Versor Investments) returns to break down the part of the business almost no one explains: not generating returns, but rai... more

In this episode of Odds on Open, we deconstruct the evolution of alternative data and alpha generation with Matt Ober, former Head of Data Strategy at WorldQuant and Chief Data Scientist at Third Point. We dive deep into the institutional framework r... more

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Apply to Onyx’s Junior Tech Graduate Scheme here: verichain.io/apply/0aa1debe-ac6c-452f-9421-da6cbf4a3e8cLeigh Drogen, CIO of Starkiller Capital, joins the podcast to dissect the mechanics of a market neutral DeFi strategy currently operating... more

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Apply here: onyxcapitalgroup.com/uni-studentsGeorge Livadas, Portfolio Manager and founder of Peregrine Capital, joins the show to break down the mechanics of running a concentrated, defensive long/short strategy as a solo PM. We explore how ... more

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Recent Guests

Leigh Drogen
CIO of Starkiller Capital, quant fund
Starkiller Capital
Episode: The Secret to Uncorrelated Alpha in Crypto - Leigh Drogen on Starkiller Capital’s Sharpe Ratio of 4
George Livadas
Founder and portfolio manager of a one-man hedge fund
Independent fund manager
Episode: “Market Crashes Are Good for My Strategy” - One-Man Hedge Fund PM George Livadas
Matt Schrager
TD Quant
TD
Episode: “If it is easy and obvious, there is no edge in it” - TD Quant Matt Schrager
Sean Emory
Guest investor discussing data-driven strategies and ETF launch
Avery (implied) / hedge fund context
Episode: “Concentrated Strategies Will Do Extremely Well” - Sean Emory on Outperforming the Index
Scott Phillips
Quant Trader and founder focusing on crypto market edges and mid-frequency strategies
Hyper Trend / DeFi hedge fund infrastructure (as described in the episode)
Episode: “It’s the Dumbest Market in the World” - Quant Trader Scott Phillips on Edge in Crypto
Brett Caughran
Ex-Citadel and D. E. Shaw portfolio manager
Citadel / D. E. Shaw
Episode: Now Is the Best Time to Become a Junior Analyst - Ex-Citadel and D. E. Shaw PM Brett Caughran
Derek Pilecki
Investor focused on financials; manager of a long-biased fund
Independent investor / fund manager
Episode: "Positions Can Be LESS Risky at Higher Prices" - Derek Pilecki on Finding Edge in Financials
Annie Duke
Professional poker player and author
Former professional poker player; author of Thinking in Bets
Episode: Annie Duke on Thinking in Bets - And Why Winners Can Be Wrong
Kris Abdelmessih
Former trader at SIG and founder of Moontower, a popular newsletter on options and volatility trading.
Moontower
Episode: Why SIG Tells Traders Not to Hedge! - Ex-SIG Trader and Moontower Founder, Kris Abdelmessih

Host

Ethan Kho
Host of Odds on Open; Host of the show

Chart Rankings

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

Apple Podcasts
#162
Argentina/Business
Apple Podcasts
#170
Netherlands/Business
Apple Podcasts
#222
Hong Kong/Business

Talking Points

Recent interactions between the hosts and their guests.

The Secret to Uncorrelated Alpha in Crypto - Leigh Drogen on Starkiller Capital’s Sharpe Ratio of 4
Q: You run a crypto market neutral strategy close to sharp four. How does that work?
The strategy combines a DeFi market-neutral yield approach with risk-managed, quantitative framework to identify high-yield opportunities, balance long tail and core positions, and maintain a net return target around 15-20% annually with a four-sharp ratio and minimal drawdowns. It relies on a risk-adjusted yield score, careful position sizing to cap potential losses, and nimble reallocation as yield landscapes shift.
Ex-WorldQuant Head of Data Strategy: Quants “Don’t Care About the Stock Market”
Q: What was your thesis at WorldQuant when you started focusing on data?
The central idea was to accumulate more data than anyone else to unlock more alpha, which would justify building a scalable data-driven system that could constantly improve as new datasets came online.
Ex-Tudor Quant PM: “There Hasn't Been a New Idea in Trading for 15 Years”
Q: What is the number one goal of a hedge fund manager?
The goal is to be successful by building credibility with institutional allocators, telling truthful, data-backed stories, and delivering a profitable, defensible track record that can be audited and trusted.
“It’s the Dumbest Market in the World” - Quant Trader Scott Phillips on Edge in Crypto
Q: So why mid-frequency crypto for you now?
Mid-frequency crypto captures mean-reversion, trend, carry, and cross-sectional signals that are tractable and scalable with careful execution and risk controls; it sits between fast microstructure plays and long-horizon carry strategies, offering meaningful edges with manageable costs and capacity.
“It’s the Dumbest Market in the World” - Quant Trader Scott Phillips on Edge in Crypto
Q: Oh, what's happening in the crypto markets, and how is there edge when everyone is talking about crypto and Bitcoin?
Edge exists because markets are inefficient and different edges attract different participants; edge persists via risk-premium, market inefficiencies, and the distribution of risks that others don't want to take, especially in crypto with high drawdowns and capacity constraints.

Audience Metrics

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Frequently Asked Questions About Odds on Open

What is Odds on Open about and what kind of topics does it cover?

Listeners are likely finance professionals and enthusiasts who want practical insights from investing and trading experts, often focusing on rigorous decision making, edge creation, and technology-enabled research. Episodes frequently cover AI-assisted investing, fundamental analysis, risk management, and the evolving dynamics of hedge funds, macro strategies, and market structure. The show tends to feature practitioners with real-world experience—traders, PMs, researchers, and founders—who share frameworks, consequences of market events, and career advice. A standout theme is the integration of AI and data with traditional investing craft, presented through candid, how-it-works storytelling and actionable takeaways for listeners aiming to ... more

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Odds on Open launched a year ago and published 60 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 Odds on Open?

Recent guests on Odds on Open include:

1. Leigh Drogen
2. George Livadas
3. Matt Schrager
4. Sean Emory
5. Scott Phillips
6. Brett Caughran
7. Derek Pilecki
8. Annie Duke

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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