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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
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 weeklyEpisodes892Founded12 years ago
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Artwork for Top Traders Unplugged

Latest Episodes

In part two of our year-end roundtable, the Systematic Investor team goes beyond performance to ask harder questions about the path forward. Are today’s drawdowns a signal of structural change? - or just the cost of staying disciplined in a low-volat... more

In this Ideas Lab episode, Kevin Coldiron speaks with venture capitalist and former founder Aubrie Pagano about what stands between today’s AI hype and a truly transformative AGI economy. Rather than treating AI as destiny, Aubrie maps the frictions ... more

Niels is joined by all 9 amazing co-hosts, to discuss a year that refused to behave. In part one of the annual "roundtable", Niels and the group map why 2025 produced such striking dispersion across trend followers. They revisit the Liberation Day sh... more

Moritz Siebert speaks with Doug King about what it really means to trade commodities through cycles, distortions, and stress. Drawing on decades at Cargill and more than twenty years running a commodities hedge fund, Doug explains why innovation keep... more

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Recent Guests

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
Gary Gerstle
Paul Mellon Professor of American History Emeritus at University of Cambridge and author of The Rise and Fall of the Neoliberal Order
Harvard Radcliffe Institute
Episode: GM92: Politics in an Age of Hard Borders and Rising Hegemons ft. Gary Gerstle
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
Yoav Git
Guest speaker experienced in systematic investing
Episode: SI373: Why Trend Thrives When Inflation Returns ft. Yoav Git
Nick Baltas
An expert from Goldman Sachs and regular guest on the show.
Goldman Sachs
Episode: SI372: QIS Unboxed: Rules, Wrappers, and Reality ft. Nick Baltas
David Druz
Founder of Tactical Investment Management and former apprentice of Ed Seykota
Tactical Investment Management
Episode: OI19: The Trader Who Never Spoke...Until Now ft. David Druz

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 Statesa month ago
  • Vol

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

    Apple Podcasts
    5
    maybdihjlz
    United States2 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 States4 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
    5 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
#93
United States/Business/Investing
Apple Podcasts
#75
United Kingdom/Business/Investing
Apple Podcasts
#76
Canada/Business/Investing
Apple Podcasts
#195
Canada/Business
Apple Podcasts
#239
United Kingdom/Business
Apple Podcasts
#90
Italy/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

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.
SI380: Dispersion Is the Story This Year (Group Conversation Part 1)
Q: What are the implications of return dispersion for the industry as a whole?
It can be both a challenge and opportunity; while it complicates the selection for investors, it also allows for the emergence of various strategies, potentially benefiting those who understand the strategies well.
OI20: Why Commodities Refuse to Trend Forever ft. Doug King
Q: What triggered your decision to leave Cargill and start a hedge fund?
The exposure to the U.S. hedge fund industry while in petroleum trading at Cargill inspired him to seek a role in the hedge fund world.
SI377: What's New in SG Indices in 2026? + The Regime-Adaptive Portfolio ft. Alan Dunne
Q: How do you believe managed futures will react to a Yen carry unwind?
Dunne noted that trend followers are currently short Yen, and although the impact will depend on the speed of the move, their participation in Yen weakness has been notable.
SI377: What's New in SG Indices in 2026? + The Regime-Adaptive Portfolio ft. Alan Dunne
Q: What are your thoughts on how trend following can weather political shocks from the current US administration?
Dunne emphasized that while there are challenges like policy reversals causing choppy markets, trend following strategies have historically adapted to such environments from earlier experiences, suggesting a long-term view is essential.

Audience Metrics

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

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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 892 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. Aubrie Pagano
2. Doug King
3. Gary Gerstle
4. Joe Little
5. Mike Bird
6. David Dredge
7. Yoav Git
8. Nick Baltas

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