Rephonic
Artwork for Top Traders Unplugged

Top Traders Unplugged

Niels Kaastrup-Larsen
Trend Following
Inflation
Market Volatility
Volatility
Interest Rates
Investment Strategy
Financial Markets
Systematic Investing
Trend Following Trading
Central Banks
China
Commodities
Market Efficiency
Asset Allocation
Geopolitics
Global Economy
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 weeklyEpisodes912Founded12 years ago
Number of ListenersCategories
NewsInvestingBusinessBusiness News

Listen to this Podcast

Artwork for Top Traders Unplugged

Latest Episodes

What if trends in financial markets are not anomalies, but the natural consequence of how markets function? In this episode, Niels and Richard explore the structural foundations of trend following. Drawing on research spanning 68 futures markets acro... more

In this episode, Alan Dunne speaks with Aoifinn Devitt about what it really means to build resilient portfolios in a world of shifting regimes and competing narratives. Drawing on experience across pensions, hedge fund advisory, and private wealth, A... more

Markets can shift direction faster than the narratives used to explain them. In this episode, Niels and Alan unpack the sharp reversal in bond markets, the geopolitical tensions shaping energy prices, and the role of options flows in keeping equity i... more

Cem Karsan sits down with Neil Howe to examine what a true regime shift means for markets and society. Howe argues that we are deep into a Fourth Turning, a generational winter that historically brings institutional fracture, geopolitical strain, and... more

Key Facts

Accepts Guests
Contact Information
Podcast Host
Number of Listeners
Find out how many people listen to this podcast per episode and each month.

Similar Podcasts

People also subscribe to these shows.

Odd Lots
Odd LotsBloomberg
Capital Allocators – Inside the Institutional Investment Industry
Capital Allocators – Inside the Institutional Investment IndustryTed Seides – Allocator and Asset Management Expert
The Memo by Howard Marks
The Memo by Howard MarksOaktree Capital Management

Recent Guests

Neil Howe
Author of The Fourth Turning; proponent of generational cycles and the Fourth Turning framework
Episode: UGO10: The Fourth Turning Is Here: How to Trade the Regime Shift ft. Neil Howe
Cem Karsan
Episode: SI389: The Market Is Pinned, But Risk Is Growing ft. Cem Karsan & Alan Dunne
Mark Rzepczynski
Market strategist and expert in systematic investing
Episode: SI388: Peak Bubble? Why Markets Feel Different in 2026 ft. Mark Rzepczynski & Alan Dunne
Steen Jakobsen
CEO and Chief Economist at Saxo Bank
Saxo Bank
Episode: GM97: Why Isn’t Anything Breaking? ft. Steen Jakobsen
Ian Harnett
Co-founder and chief investment strategist at Absolute Strategy Research
Absolute Strategy Research
Episode: GM96: The End of the Hedge: When Bonds Stop Protecting Portfolios
Ben Hunt
Creator of Epsilon Theory and expert on narratives in financial markets
Epsilon Theory
Episode: UGO09: Playing the Players in a Narrative Market ft. Ben Hunt
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

Host

Niels Kaastrup-Larsen
Host of long-running macro and systematic investing conversations; frequent collaborator with leading hedge funds and macro researchers.

Reviews

4.9 out of 5 stars from 1.6k ratings
  • Macro and Regimes

    Fantastic podcast. Great hosts and look forward to episodes on Macro, Regimes and Geopolitics

    Apple Podcasts
    5
    ACAlgo
    United Statesa month ago
  • Great deluvwet

    As always thought provoking stuff but a great change in deliver as I smiled and giggled several times

    Apple Podcasts
    5
    Happy andrich
    United Kingdom2 months ago
  • Episode 377 (Alan Dunne)

    Great conversation guys. Well said Alan.

    I look forward to studying your paper.

    Apple Podcasts
    5
    pam6481
    United States3 months ago
  • Vol

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

    Apple Podcasts
    5
    maybdihjlz
    United States5 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 States7 months ago

Listeners Say

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

The show is praised for thoughtful conversations, strong macro context, and real-world relevance for portfolios.
Guests are consistently high-caliber, offering practical, implementable insights for allocators.
Listeners appreciate the hosts' depth and humility in discussing macro, trend following, and risk topics.

Chart Rankings

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

Talking Points

Recent interactions between the hosts and their guests.

SI390: When Narratives Change Faster Than Markets ft. Alan Dunne
Q: How can trend following act as crisis alpha or diversification during periods of high uncertainty?
Trend following can provide diversification through dynamic positioning in bonds, equities, commodities, and currencies, often delivering positive returns during crises even when equities are negative, though it may underperform in some years; its value lies in reducing portfolio sensitivity to systemic shocks and offering a non-correlated return stream.
UGO10: The Fourth Turning Is Here: How to Trade the Regime Shift ft. Neil Howe
Q: What practical portfolio approaches do you favor in a regime shift?
Prefer long exposure to equities with tactical hedges in commodities and structured products; use options and tail hedges calibrated by risk frameworks like the Kelly criterion; maintain low net beta and emphasize liquidity and optionality to position for nonlinear outcomes.
UGO10: The Fourth Turning Is Here: How to Trade the Regime Shift ft. Neil Howe
Q: Where do you see us in the Fourth Turning, and what signals help you gauge timing?
Timing is driven by a combination of valuations, policy shifts, and the momentum of demographic and social forces; extreme overvaluation is a dangerous warning, but long horizons (10–15 years) are needed to capture regime shifts, with risk managed through diversified, nontraditional assets and hedges.
GM97: Why Isn’t Anything Breaking? ft. Steen Jakobsen
Q: What questions should investors be asking themselves at the moment?
Investors need to decide whether to hedge their dollars as the macro environment shifts, particularly for non-U.S. dollar investors.
GM96: The End of the Hedge: When Bonds Stop Protecting Portfolios
Q: What are the implications of political changes on economic stability?
Political changes could lead to increased volatility and shifts in investment strategies, especially concerning the dollar's value.

Audience Metrics

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

Listeners per Episode
Gender Skew
Location
Interests
Professions
Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Top Traders Unplugged

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

A rigorous, ideas-forward show that centers on macro themes, quantitative trend strategies, and the narratives that move markets. Covering global macro, trend following, and the evolving role of AI, episodes often explore how regime shifts, volatility regimes, and market structure shape portfolio construction and risk management. Guests range from hedge fund managers and researchers to authors and allocators, providing practical allocator perspectives and frameworks for resilient investing. A notable strength is the clear emphasis on mental models, position sizing, and real-world applications over short-term forecasts, with deep dives into risk, liquidity, and the behavior of markets under stress.

Where can I find podcast stats for Top Traders Unplugged?

Rephonic provides a wide range of podcast stats for Top Traders Unplugged. We scanned the web and collated all of the information that we could find in our comprehensive podcast database. See how many people listen to Top Traders Unplugged and access YouTube viewership numbers, download stats, audience demographics, chart rankings, ratings, reviews and more.

How many listeners does Top Traders Unplugged get?

Rephonic provides a full set of podcast information for three million podcasts, including the number of listeners. View further listenership figures for Top Traders Unplugged, including podcast download numbers and subscriber numbers, so you can make better decisions about which podcasts to sponsor or be a guest on. You will need to upgrade your account to access this premium data.

What are the audience demographics for Top Traders Unplugged?

Rephonic provides comprehensive predictive audience data for Top Traders Unplugged, including gender skew, age, country, political leaning, income, professions, education level, and interests. You can access these listener demographics by upgrading your account.

How many subscribers and views does Top Traders Unplugged have?

To see how many followers or subscribers Top Traders Unplugged has on Spotify and other platforms such as Castbox and Podcast Addict, simply upgrade your account. You'll also find viewership figures for their YouTube channel if they have one.

Which podcasts are similar to Top Traders Unplugged?

These podcasts share a similar audience with Top Traders Unplugged:

1. Odd Lots
2. We Study Billionaires - The Investor’s Podcast Network
3. Capital Allocators – Inside the Institutional Investment Industry
4. The Memo by Howard Marks
5. Masters in Business

How many episodes of Top Traders Unplugged are there?

Top Traders Unplugged launched 12 years ago and published 912 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 Top Traders Unplugged?

Our systems regularly scour the web to find email addresses and social media links for this podcast. We scanned the web and collated all of the contact information that we could find in our podcast database. But in the unlikely event that you can't find what you're looking for, our concierge service lets you request our research team to source better contacts for you.

Where can I see ratings and reviews for Top Traders Unplugged?

Rephonic pulls ratings and reviews for Top Traders Unplugged from multiple sources, including Spotify, Apple Podcasts, Castbox, and Podcast Addict.

View all the reviews in one place instead of visiting each platform individually and use this information to decide if a show is worth pitching or not.

How do I access podcast episode transcripts for Top Traders Unplugged?

Rephonic provides full transcripts for episodes of Top Traders Unplugged. Search within each transcript for your keywords, whether they be topics, brands or people, and figure out if it's worth pitching as a guest or sponsor. You can even set-up alerts to get notified when your keywords are mentioned.

What guests have appeared on Top Traders Unplugged?

Recent guests on Top Traders Unplugged include:

1. Neil Howe
2. Cem Karsan
3. Mark Rzepczynski
4. Steen Jakobsen
5. Ian Harnett
6. Ben Hunt
7. Dario Perkins
8. Alex Imas

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.

Find and pitch the right podcasts

We help savvy brands, marketers and PR professionals to find the right podcasts for any topic or niche. Get the data and contacts you need to pitch podcasts at scale and turn listeners into customers.
Try it free for 7 days