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Lessons From the Most Successful Turtle of All-Time | with Jerry Parker
 
01:07:54
Jerry was given the opportunity to manage a million dollar account with specific rules to follow. Rules that he would learn to love and perfect. Becoming the most successful turtle trader of all time! === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/013/ === In This Episode, You’ll Learn: About the Turtles and how the unique experiment grew into the Managed Futures/CTA Industry. How to excel at unprecedented tests from leading traders. What the Turtle training was like and the mindset provided in the training. The early focus on diversification and adding new markets. Why it’s best to take an optimal loss rather than a small loss. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 8936 Top Traders Unplugged
Learn to Love your Trading System | with Jerry Parker
 
01:08:45
We continue our conversation with Jerry Parker the founder of Chesapeake Capital and widely known as the most successful Turtle ever. In this episode we discuss the evolving CTA industry and the story of Chesapeake. It’s a powerful story from one of the most successful people in the industry. We really hope you enjoy it. You can check out PART 1 of this interview right here: https://youtu.be/JMQdbgV4jeg === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/014/ === In This Episode, You’ll Learn: How the research and complexity of systems has a backwards effect to making money. Challenges with entering stock markets with CTA strategies. Where the CTA managers have failed investors. Why markets have changed so that longer term focus has proven more successful. Learn about the philosophy of “The Markets are the Heroes”. Important lessons from a long, successful career in the CTA industry. What is it that keeps investors from Turtle CTAs and choose larger financial organizations. Why we see a skewed distribution towards profitability of long side trades and short side trades. The key legacy traits left behind by the Turtles and if the experiment could be replicated now === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 1947 Top Traders Unplugged
Why a Long Term Trading System is Best  | with Scot Billington
 
01:23:48
Our next guest takes a mechanical, long-term trend approach to trading to a new level, and you’ll find out why he thinks it is the better option in this episode. He started Covenant Capital with his business partner in 1999 and has grown it into a profitable boutique firm. But in early 2002 after they ended the previous year down 20%, they really had to grind it out and stick to their guns which ultimately paid off in a big way. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/scot-billington-covenant-capital-long-term-trading/ === In This Episode, You’ll Learn: How Scot started his firm, doing the testing by hand. The difference between a discretionary model and a mechanical model and why Scot chose a mechanical one. How narrative bias can affect a trader’s decisions. What made Scot believe in his model and stick to his guns. The pitfalls of investing in shorter term models and not allowing managers to see a full cycles with markets. Why most allocators and investors are chasing 24-month returns on stocks and why that may not be the right approach. About different types of CTA firms, including boutiques, battleships, emerging, and experimental. What to look for in a CTA. How to get investors to share the long-term horizon with his firm when certain markets do very well in the short term. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 3034 Top Traders Unplugged
Mike Adams, David Harding, and Marty Lueck – Tells the AHL Story for the First Time Ever [PART 1]
 
44:59
On this special episode, my guests are the founders of AHL: Michael Adam who later co-founded Aspect Capital, David Harding also known as founder and CEO of Winton Capital and Marty Lueck also one of the co-founders of Aspect Capital. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt11/ === In This Episode, You’ll Learn: - How AHL got it’s start - What struck David when testing their early algorithms - Why their “empiricist” outlook gave them an early advantage - How technology’s limits pushed their ideas - The breakthroughs of AHL’s early research and how it still applies today - Why being a consultant gave AHL deep insight into trading the markets - The crucial role the early clients had in AHL’s development - The power of finding the right people to work with - How the original deal between MAN and MINT influenced AHL - How AHL brought in investors in those early days === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Real Secret behind Trend Following and How it Works | with Martin Lueck
 
01:09:36
In the second part of our conversation with AHL founder and Aspect Capital Director, we dive into the details of his firm’s strategies and models. We explore how the models evolve, how he deals with risk management, and his advice for would-be fund managers. Investors and managers alike will gain deep knowledge from this episode. You can check out PART 1 of this interview right here: https://youtu.be/wAH1NyLb5QM === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/martin-lueck-aspect-capital-best-ways-to-manage-systematic-trading/ === In This Episode, You’ll Learn: - What the Diversified Program of Aspect looks like today - How Martin weights the portfolio between financial markets and commodity markets - How his model allows them to grow the company - The real secret behind trend following and how it works - How they are making the transition to a “box-to-box” execution approach - How Martin defines risk and risk management - How their risk team operates - Why correlations are a crucial to look at === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 4319 Top Traders Unplugged
The Turtle Trader Origin Story | with Richard Dennis, Jerry Parker, and Brian Proctor
 
38:20
On this episode my guests are Richard Dennis, creator of the Turtle program, Brian Proctor, managing director of EMC Capital Advices, and Jerry Parker, founder and president of Chesapeake Capital. === In this episode you'll learn: - The TRUTH about where the Turtle name came from. - The surprising way Rich came up with the idea for the Turtle group…NOT what you expect! - The preferred qualities of the Turtle recruits - The relevance of the Turtle group in the past and today - The right balance of financial futures markets and commodity futures markets === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/top-traders-round-table-dennis-proctor-parker-07/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How to Survive in the Trading Business | with Tushar Chande
 
43:17
The world of asset management and trading can be taxing even at the best of times. On today’s show I am talking to Tushar Chande, Co-Founder and Head of Research at Rho Asset Management who tells us how to survive in the world of trading. Tushar is also the author of a number of books on the topic of how to design rule based trading systems as well as having been actively trading these systems for more than 20 years. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/005/ === In This Episode, You’ll Learn: Why the random nature of the markets attracted Tushar to develop systems for trading these markets What to be aware of when exploring an Asset Manager’s performance over a 20 year period Offense/Defense Ratio, What it means and How to use it to Measure the quality of systems design What Trend Following Indicators are used for and why Exploring the volatility of the equity curve === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 1387 Top Traders Unplugged
Why Trend Following Systems Make Money Over Time | with Tushar Chande
 
41:43
We’re back with the second part of our conversation with the Head of Research at Rho Asset Management. In this episode we discuss the details of Managing Equity Curves, Trade Length in CTA systems and how Rho achieves to get the optimal position size when entering new trades. You can check out PART 1 of this interview right here: https://youtu.be/FnZq5lO5Ue4 === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/006/ === In This Episode, You’ll Learn: The difference between the models in terms of trade length. Discussing the research cycle and the research reviews. Why trend following systems make money over time. How the CTA strategies will overcome challenges in the future. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 2068 Top Traders Unplugged
How to be a Systematic Macro Trader | with Anders Lindell
 
01:13:10
Welcome back to another episode of Top Traders Unplugged. Today we have the former CEO, now Chairman of Informed Portfolio Management on to discuss the road to formation of his firm, their Systematic Global Macro strategy, their unique approach to investor interaction and much much more. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/anders-lindell-ipm-tactical-asset-allocation/ === In This Episode, You’ll Learn: The impact of the shifts in the fixed income markets of the early 1990’s which inspired a new strategy. Who Anders learned from early on and who helped him cultivate a career in the hedge fund industry How to find and retain talent and the entrepreneurial spirit drives in house management decisions What Anders looks for when spotting talent for new team members. Ideas for incentivizing team members to appreciate their careers. The long term view of IPM’s track record and how to evaluate it. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 2356 Top Traders Unplugged
How to Start a Trading Firm at Age 21 | with Peter Kambolin
 
01:05:33
Peter Kambolin is the common sense CEO behind Systematic Alpha Management, an Award Winning CTA Firm which has come through the tremendous market forces of the past 10 years. Their staying power is a testament to their success as conscious, ruled based traders. This episode is about his hero’s journey from immigrant origins in Moscow to founding a lasting, top financial service company headquartered in New York City. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/017-peter-kambolin-systematic-alpha-management/ === In This Episode, You’ll Learn: The surprising story of how Peter was inspired to start his own firm at 21 years of age. How Peter and Alexi work together to maximize each others strengths, and control for each-other’s weaknesses. About the transition from long term to short term CTA strategies. A brief overview of the programs Systematic Alpha Management runs today. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 2781 Top Traders Unplugged
Trend Following is the Most Repeatable Trading Method Ever Invented | with Scot Billington
 
01:09:38
Welcome back to the second part of our interview with Scot Billington of Covenant Capital Management. In this episode, Scot delves into the practice of trend following and why it is a great model to follow. He also discusses tips for beginning traders and investors, and advice for those who wants to start a firm. If you missed PART 1 of this interview, you can check it out right here: https://youtu.be/MQutNC6HzWw === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/scot-billington-covenant-capital-trend-following/ === In This Episode, You’ll Learn: The advantages of trend-following and why the media reports that “Trend Following is Dead” every few years. The story of Scot’s childhood obsession with mathematically based, but unknown future outcomes. The discipline required to follow a mathematical model. How every sector in the market is highly correlated. Getting comfortable with taking risks: they exist and it is impossible to avoid them. The Barbell strategy: have very little money at risk, but the money that is at risk is in the most aggressive things that it can be. Advice for managers wanting to start firms today. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 2972 Top Traders Unplugged
DUNN Capital's 40+ years of Successful Trading  | with Marty Bergin
 
40:09
Our next guest is a partner in a firm that has enjoyed 40 years of trading success with a 30 year continues track record of their WMA program. The track record of the organization, Dunn Capital Management, is world-class. The legendary Bill Dunn offered partnership to our next guest and he replied, “I’m happy with where I am.” Bill’s response will make you laugh. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/009/ === In This Episode, You’ll Learn: The Story of Dunn Capital and the Evolution of Dunn Capital Management. The company culture of Dunn Capital and why it’s so important to their success. How the Value At Risk (VAR) approach separates Dunn Capital from other CTAs. Why Dunn Capital manages all tasks in-house. About the adaptive risk profile (ARP). === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 1397 Top Traders Unplugged
Why You Need Trend Following Trading Now | with Kathryn Kaminski
 
01:06:51
Welcome to Part 2 of our conversation with researcher and co-author of one of the definitive books on trend following. In this conversation, we dive into the the models that she used in writing the book, as well as her thoughts regarding risk management, what you should be asking a manager during due diligence, and what the future holds for the managed futures industry. Thank you for listening and welcome to the second part of our talk with Kathryn Kaminski. You can check out PART 1 of this interview right here: https://youtu.be/4eEJB-pImAo === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/kathryn-kaminski-due-diligence-trend-following-managers/ === In This Episode, You’ll Learn: What Kathryn looks at when evaluating the track records of managers. About price range compression. Why the exit from a position is just as important as the entrance. What trend leakage is. Her views on how inflation and other environmental changes affects trend following strategies. About risk management; how Kathryn defines risk and what is important to look at in risk management. A discussion of the drawdowns that trend followers have experience in the last few years. The biggest challenge for the CTA industry right now. What questions investors should be asking of managers when doing their due diligence. What personalities traits a good trend following manager should have. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 1844 Top Traders Unplugged
How to Overcome Cognitive Bias in Trading and Investing | with Roy Niederhoffer
 
01:19:23
Roy Niederhoffer has a fascinating live story that starts with Harvard and neuroscience and continues into his starting a hedge fund in the short-term trading space in 1993. Roy discusses the exciting and bootstrapping beginnings of his firm, the cognitive biases that keep most humans from making good investment decisions, and how his firm stands out from other CTAs. Investors and managers alike will learn a wealth of information from this episode. Thanks for listening and please welcome our guest Roy Niederhoffer. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/roy-niederhoffer-capital-management-how-to-overcome-cognitive-bias-in-trading/ === In This Episode, You’ll Learn: How he started a company that had 30 employees by the end of his high school. Roy graduated from Harvard and was set to go to Cambridge for neuroscience until he worked for his brother for a summer. The story of how he started his firm and when he began trading in July 1993. How the human brain influences behavior and how that translates to trading. Cognitive biases and how to avoid them in the financial market. The other investors he worked at in his first job out of college, that later became famous investors in their own right. What he thinks about the future of the CTA industry. How his model works in an ecosystem of other portfolio management options. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Effective Short Term Trading | with Karsten Schroeder
 
47:09
Through courage and vision, Karsten Schroeder co-founded Amplitude Capital as a pioneer in the CTA industry. Why pioneers? Because they focused on short term trading. In this episode of Top Traders Unplugged, Karsten and Niels discuss Amplitude Capital’s scientific approach to Amplitude Dynamic and Amplitude Klassik. These are the two short-term rule based trading programs that Karsten and his team run to invest billions of dollars on behalf on a small group of institutional investors. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/015/ === In This Episode, You’ll Learn: About the motivation source for choosing short term trading. On the essence of a great company: The Team! The scientific processes guiding Amplitude’s perception of the markets. On the effects of quantitative easing and other government interventions in market health. Model decay and how to best deal with it. The design structure of Amplitude Capital’s Programs. Market dynamics and where the Amplitude programs trade. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How the Turtles would Trade Today | with Richard Dennis, Jerry Parker, and Brian Proctor
 
36:51
We return to our conversation with some of the world's top turtle traders: Richard Dennis, creator of the Turtle program, Brian Proctor, managing director of EMC Capital Advices, and Jerry Parker, founder and president of Chesapeake Capital. === In this episode you'll learn: - How Jerry and Brian used the rules they learned through the Turtle experience. - Why the Turtle program was just “another piece of risk” Rich took on his book. - The state of trend following and turtle program today. - About other passions of the Turtles outside of trend following and trading. - Jerry’s views on changing and adapting too much. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/top-traders-round-table-dennis-proctor-parker-08/ You can watch PART 1 of this interview right here: https://youtu.be/94nUnXsYpLY === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Why Mean Reversion is Key | with Peter Kambolin
 
01:01:34
Imagine if your assets under management went from $721 million to $50 million…. Would you have the courage to stick with your system? Our next guest was able to weather that storm and come out even stronger. In fact, he gives credit to the fall in assets because it was an important component to improving their processes and efficiency today. We’re excite to share with you, the second part of my interview with CEO of Systematic Alpha Management, Peter Kambolin. You can check out PART 1 of this interview right here: https://youtu.be/3gFrkuGX670 === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/018-peter-kambolin-individuality-short-term-cta/ === In This Episode, You’ll Learn: How many markets Peter trades and the number of different spreads. The three points during a day in which volatility is elevated. How Systematic Alpha Management makes decisions relating to sizing market positions. The number of daily trades Systematic Alpha implements. What kind of Risk Budgets that Systematic Alpha Management runs. Estimating and predicting Black Swan events. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 1626 Top Traders Unplugged
How to Get Volatility on Your Side | with Nigol Koulajian
 
33:57
Katy Kaminski and I continue our conversation with Nigol Koulajian, and discuss if his strategies of working with, around, and doing the opposite of what many investors are doing, has given him any advantages? In this episode, we talk about the risk of research and data affecting the market, why he distrusts in many institutional teachings of finance, and what he is looking forward to this year. You can check out PART 1 of this interview right here: https://youtu.be/2yxxGkgo_8U === In this episode you'll learn: - Why those using smart beta have not succeeded recently. - How Nigol adapts to the changing industry. - Why Nigol calls filtering the “holy grail” and how he uses it. - The state of institutional and scientific learning of investing. - What opportunities 2018 brings for Nigol and other investors. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/102/ In case you missed it, you can listen to PART 1 of this interview right here: https://youtu.be/2yxxGkgo_8U === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Money Making Advantages of Being a Systematic Trader | with Chris Cruden
 
01:10:35
Our next guest was a British Army Officer and moved to South Africa before finding a career in the financial markets. He is now the CEO of his Managed Futures firm and has worked with some of the industry’s most influential companies and people, including Dean Witter and AHL. The story of his career’s beginnings and the lessons he used to become a systematic trend follower are unique and insightful. You’re sure to learn a lot from this episode. Thank you for listening and please welcome our guest Chris Cruden. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/chris-cruden-insch-capital-management-from-british-army-officer-to-systematic-trader/ === In This Episode, You’ll Learn: How he came to do business with Dean Witter Reynolds and after a few years why they hired him. What AHL was doing in the beginning of the company. Why he started trading currencies early on. His routine at work and why being a systematic trader makes him boring and bad at marketing, but helps him sleep at night knowing they are going to “show up” the next day. About Chris’ goal with his work and why he is happy with the size of his firm and why growth is not the prime focus. What matters when discussing a firm’s track record and how his programs are setup. The building blocks of their trading program and how the money they’ve made has historically come mainly from interest rate differentials. What the environment has been like for a currency program in the last 5 years. Why he believes the current intervention by The Fed is not so substantially different that his model won’t be able to see good returns in the future. How he designed his program and what its objective is. What currencies he trades and how he trades them. Why volatility has been so low but why he sees that it is coming back and why it’s a good thing for his models. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Secrets of a Trend Following Veteran | with Marty Bergin
 
38:53
Top Traders Unplugged - EP #098 Katy Kaminski and I continue our conversation with Marty Bergin, and discuss his philosophy behind DUNN Capital's success, and why many investors don't understand trend following strategies. In this episode, we will discuss what investors and trend followers should be focusing on, and what risks excessive regulation may lead to for the industry. You can check out PART 1 of this interview right here: https://youtu.be/dUXVZqfUuVg === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/top-traders-unplugged-marty-bergin-dunn-capital-98/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How to Build a Multi-Billion Trend Following Firm | with Martin Lueck
 
01:10:33
In this episode, we get an exciting behind-the-scenes story of one of the most famous systematic trading firms of its time, AHL. Our guest is one of the firms founders and takes us from the company’s birth to its acquisition by Man Group. We also discuss how he started his next company, Aspect Capital, how he creates his trading models, and how to build and run a successful multi-billion trend-following firm. This episode is full of insights and stories that you won’t hear elsewhere. Thank you for listening and please welcome our guest, Martin Lueck. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/martin-lueck-aspect-capital-the-inside-story-of-ahl/ === In This Episode, You’ll Learn: About Quantitative Investment research. They started with $100k of investor money that bridged their split from the family business. What the initial AHL model looked like back then. How they over optimized in the beginning and had to learn things as they went along. How Martin started Aspect Capital with Anthony Todd, Eugine Lambert and Michael Adam. Martin’s persistence in using trend following models. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Views: 1336 Top Traders Unplugged
Mike Adams, David Harding, and Marty Lueck – Tells the AHL Story for the First Time Ever [PART 2]
 
43:10
Welcome to Part 2 of our exciting gathering of 3 of the world's most influential investors! My guests are the founders of AHL: Michael Adam who later co-founded Aspect Capital, David Harding also known as founder and CEO of Winton Capital and Marty Lueck also one of the co-founders of Aspect Capital. You can check out PART 1 of this interview right here: https://youtu.be/fTlmAbMAAFw === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt12/ === In This Episode, You’ll Learn: - The future of a science-driven trading approach. - The beginnings of Aspect Capital. - Why Winton moved away from traditional trend following. - The challenges that equities and managed futures present for investors. - Why David chose to lower volatility of his strategy. - When it’s time to ask “do you want to be happy or rich?” - How they have evolve using different data sources and new markets. - The danger of “hindsight bias”. - What disadvantages machine learning have presented. - Why Marty views asset allocation as part of a trend following model. - How they see our current financial climate === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Evolution and Future of Trend Following | with Katy Kaminski, Alex Greyserman & Roberto Osorio
 
42:31
Thanks for tuning in to the second part of our roundtable conversation with three of the leading voices in the trend following industry today. In this episode, we discuss how the industry has evolved, what the future looks like, and how to educate investors on the merits of trend following. === In This Episode, You’ll Learn: - How has trend following evolved in the past decade. - The concept of divergent strategies. - How to figure out what are the most robust parameters to use. - How trend following CTAs perform risk control - How to educate investors on trend following firms and methods === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/96/ In case you missed it, You can listen to PART 1 of this interview right here: https://youtu.be/MZ6lsDlp-io === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Masters of Trend Following & Short-Term CTAs | Bergin, Boss, and Jaffarian
 
34:38
Welcome to Top Traders Round Table! On this episode my guests are some of the top experts in trend following; some of the best CTAs in the world: Marty Bergin, the owner and President of DUNN Capital Management, Grant Jaffarian, Portfolio Manager of the Advanced Trend program at Crabel Capital Management, and Mike Boss, who is a Director within the Capital Introductions Team at Societe General. === In this episode you'll learn: - Key Insights from arguably the best Trend Follower & the best Short-Term CTA. - How trend followers can evolve their strategies to stay ahead. - Why the UCITS Directive started benefiting smaller specialized managers. - The challenges with short-term trading. - How to ensure that CTA flagship offerings retain value over low-cost alternatives. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt3/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
What Financial Markets Teach Investors Each Day | with Chris Cruden
 
01:06:15
In Part 2 of our conversation with the CEO of Insch Capital Management, we talk about how the firm’s trading models work and how they were built. We discuss how Insch deals with drawdowns, increased regulation, and marketing. This is a truly in-depth episode into the mind of a hedge fund Founder and the inner workings of an Alternative investment firm. Welcome to the second part of our conversation with Chris Cruden. You can check out PART 1 of this interview right here: https://youtu.be/y8KEMNPJ9qY === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/chris-cruden-insch-capital-management-how-to-run-a-currency-trading-firm/ === In This Episode, You’ll Learn: How his firm deals with risk and how he uses Index Risk. How correlations play a part in his models. About risk equivalency. how he deals with drawdowns. Why a sense of humor is important in this business, especially during drawdowns. How investors don’t share the same confidence in the model as managers and how managers can better share that confidence. Why you must have discipline. Many trend followers are making all-time highs but many people have announced the death of trend following time and time again. Why his team looks at emerging currencies in their research even though they do not trade them. What he is looking for in terms of red flags during his research that suggest models need to be tweaked. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
AlphaSimplex's Advanced Machine Learning Trading Techniques | with Robert Sinnott
 
35:48
Top Traders Unplugged - EP #099 From the very beginning, Robert Sinnott has studied the movement of the markets and how to anticipate their changes. Robert earned both an A.B. and an A.M. in Statistics from Harvard University, where he focused on statistical machine learning, capital markets, and time series analysis. In our conversation, my co-host Katy Kaminski and I talk with Robert about how he has used these skills to redesign AlphaSimplex’s performance analytics infrastructure and develop smarter machine learning processes, and how Robert employs this data with such success. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/top-traders-unplugged-robert-sinnott-of-alphasimplex-99/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Volatility is the most important part of our strategy | with Nigol Koulajian
 
01:09:57
Want to build a computer that makes money? Quest Partners LLC has a long, robust track record with their systematic trading approach. They utilize a different strategies from many of their peers and have diversified their product range to include equity programs both hedge and long only. At the core of it all is their philosophy on focusing on what investors need. They provide solutions for investors rather than a purist strategy. Leading the way is our next guest on Top Traders Unplugged, Nigol Koulajian. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/nigol-koulajian-sharpe-ratio/ === In This Episode, You’ll Learn: Why Nigol spend time at Colombia Business School programming and building models. How Nigol navigated beneficial detours before finally partnering to co-found Enterprise Asset Management in 1994. The dangers of an increased correlation between alternative strategies designed to protect against trouble in traditional investment and the traditional asset classes themselves. Learn about self reinforcing feedback loop and how managers of growing AUM are forced to allocate to factors that are doing well (but perhaps doing well by chance). === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Meet a Short Term Trader who Knows his Sharpe Ratio | with Nigol Koulajian
 
37:58
Nigol Koulajian is the Founder and Chief Investment Officer of Quest Partners LLC, and has been designing and trading short-term and long-term technical systems for over 22 years. Coming from Columbia business school, many of Nigol’s general practices seem counter-intuitive but have consistently yielded results. This interview will help get you deeper into the trading and management philosophy that has made Quest Partners such a successful firm. === In this episode you'll learn: - How Quest Partners grew to where it is today. - Why clearly defining your process is value added to your product. - What factors played into Quest’s success. - Why Nigol puts more trust in short-term over the long-term. - Some of Nigol’s short-term trading strategies. - Why focusing on your investors can be hurting your long-term growth. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/101/ You can listen to PART 2 of this interview right here: https://youtu.be/nwzlD2ANrpE === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Industry Experts Redefine Trend Following | with Katy Kaminski, Alex Greyserman & Roberto Osorio
 
54:35
In this video, we have a roundtable of guests, representing some of the most prominent firms in the trend following space. Our guests have a combined 100 years of track record, and we’ll explore it all in this episode. We discuss the history of trend following, what it takes to practice trend following, and the human biases that effect our trading. Thanks for listening and please welcome Katy Kaminski, Alex Greyserman and Roberto Osorio. === In this episode you'll learn: - The history of trend-following. - Why markets are not getting more efficient. - The importance of taking the human emotion out of the decision process. - The fact and fiction of how difficult it is to do trend-following. - The factor of simplicity when making a trend following system. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/95/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Mike Adams, David Harding, and Marty Lueck – Tells the AHL Story for the First Time Ever [PART 3]
 
33:34
Welcome to PART 3 of our exciting gathering of 3 of the world's most influential investors! My guests are the founders of AHL: Michael Adam who later co-founded Aspect Capital, David Harding also known as founder and CEO of Winton Capital and Marty Lueck also one of the co-founders of Aspect Capital. You can check out PART 1 of this interview right here: https://youtu.be/fTlmAbMAAFw ...and PART 2 here: https://youtu.be/F1Wx1x0gptE === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt13/ === In This Episode, You’ll Learn: - What Mike, David & Marty had to un-learn in order to improve their strategies. - Why David believes education can crush creativity. - How some “new” optimization methods hurts investors - What David and Marty least like about their current strategies - What they plan on doing when they no longer run their firms - How David approaches succession planning - The most important investment principles the guests would leave for their children - Why only a small amount of investors still keep managed futures as a core allocation - The most important decisions they ever made - Which decisions had the most surprising results - If the media will ever understand what managed futures actually are - The legacy that AHL left in the world of investing === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Learning to do Short Term Trading | with Karsten Schroeder
 
45:33
Karsten and I discuss the systems and implementation that has led Amplitude to such remarkable success. As the interview comes to a close, we learn about Karsten’s philosophy of success and entrepreneurship. Despite being based outside the global financial hubs (i.e. New York, Chicago, London) Amplitude has experienced world class results. He provides a deep philosophy on achieving success in the CTA industry. You can check out PART 1 of this interview right here: https://youtu.be/1zW2D-6-vgI === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/016/ === In This Episode, You’ll Learn: Amplitude Capital’s systems for trade implementation. Why high frequency trading is a very different strategy from that of Amplitude Capital’s. Exploring the meaning of market correlation in short term CTA strategies. Karsten Schroeder’s philosophy on drawdowns. How managers can do a better job of explaining drawdowns. The role of teamwork and processes in the research cycle. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How the Largest Investor in Hedge Funds Got Started | with Aref Karim
 
01:10:13
How do you transition from working alongside the capital management industry to starting your own hedge fund? Our next guest grew up in Bangladesh but fled to London during the Bangladesh Liberation War in 1971. He worked as an accountant and then went on to join the Abu Dhabi Investment Authority (ADIA) where he pioneered the organization’s futures investment department. Learn about his personal setbacks and successes, his innovative investment strategies, and how he founded Quality Capital Management in the UK. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/aref-karim-quality-capital-management-from-accountant-to-hedge-fund-ceo/ === In This Episode, You’ll Learn: The story of Aref’s escape to the United Kingdom because of war and social upheaval in Bangladesh. How he went from being an accountant in England to working for the largest sovereign wealth fund in the world, ADIA. Aref’s perspective on the history of the hedge fund industry and the alternative investment industry. The early days of the futures industry and Aref’s perspective on trend-following. About the genesis of Quality Capital Management. How Aref’s investment strategy evolved and the specifics of his current trading strategy. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
DUNN Capital’s Revolutionary Adaptive Risk Profile | with Marty Bergin
 
33:04
Top Traders Unplugged - EP #097 Our guest today is the President and Owner of DUNN Capital. Having a deep background in finance and business management, Marty oversees all mission-critical operations of the firm, including the firm’s research and development efforts as well as the construction and management of the firm’s managed futures portfolios. In our conversation, my co-host Katy Kaminski and I discuss with Marty DUNN Capital's client-first business model, why he believes that their Adaptive Risk Profile has been a game-changer since its introduction in 2013, and how DUNN Capital has evolved since he joined more than 20 years ago. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/top-traders-unplugged-marty-bergin-dunn-capital-97/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Trend Follower Changes the Rules of Investment Success | with Harold de Boer
 
39:53
Harold De Boer is a Managing Director, Member of Management Committee and Member of Board of Directors at Transtrend B.V. Growing up, Harold's interest in statistics grew out of his work at his family's dairy farm, and expanded into the world of trading and managed futures. Listen in to learn about Harold's unique perspective on the industry, his marketing philosophy, and some of the most important lessons he's learned during his successful career. Thanks for listening and please welcome our guest Harold de Boer. === In this episide you'll learn: - When the Turtles project was discovered by Transtrend in its early years - Some of Harold’s biggest lessons he has learned - What investors underestimate and don’t understand about managed futures - The only thing that actually drives the market - How market dynamics changed as a result of the transition from floor trading to electronic trading === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/103 You can watch PART 2 of this interview right here: https://youtu.be/4I5ErvF7LCM === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Benefits of Negative Correlation | with Roy Niederhoffer
 
01:24:55
In our continued conversation with Roy Niederhoffer, we discuss risk management, drawdowns, why negative correlation is so important to Roy, and what gets him out of bed every morning (and what keeps him awake at night). Learn more about how to create a balanced and diversified portfolio or what it takes to be a manager. Thanks for listening to the second part of our conversation with Roy Niederhoffer. You can check out PART 1 of this interview right here: https://youtu.be/MwJI0Q-WwcA === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/roy-niederhoffer-capital-management-the-benefits-of-negative-correlation/ === In This Episode, You’ll Learn: What has changed by the fact that more and more trading decisions are made by computers instead of humans. The issue of model decay in Roy’s field. His ten-step process from idea generation to putting it into the system. The research process laid out. How his firm does research. How position sizing plays a role in the short term space. How he keeps model slippage to a minimum. How he keeps investors in the firm during a tough time. How he personally deals with drawdowns. What the biggest challenge is for Roy in the short term management space. What investors are not asking him during due diligence. What makes him go into work everyday. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Are Trading Options Dangerous? | with Luc Van Hof
 
01:19:45
Luc Van Hof worked for the European Commission before starting his own firm. In an unusual career twist, he sold his company to a larger firm only to buy it back from them a few years later and had to start from scratch. Learn about his aversion to risk, his short term trading strategies, and his interesting past as one of the fastest readers in the world. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/luc-van-hof-capital-hedge-short-term-trading-for-the-risk-averse/ === In This Episode, You’ll Learn: How Luc learned about Options trading before many people were doing. How he acquired his first clients. Why he got started trading currencies. About the early days of trading and the physically demanding work before computers took over. How he ended up buying his company back from Trobico in 2010 after management changes caused them to shut down everything in the alternative investment space. How small managers need to describe what they do, and why they might not want a multibillion-under-management hedge fund. How investors should look at a track record of a firm and why that doesn’t necessarily mean good returns in the future. Why investors should see the latest test of what the firm is currently running rather than worry too much about the historic model results. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Secret to Successful Trend Following | with Harold de Boer
 
41:14
Katy Kaminski and I continue our conversation with Harold de Boer, and discuss his philosophy behind pure trend and divergent trading, as well as why Harold believes Transtrend is unique in the managed future space. In this episode, we talk about the benefits of synthetic trading, Harold's advice to a new rising star, and what he is looking forward to going forward. Thanks for listening and please welcome our guest Harold de Boer. === In this episode you'll learn: - How Harold views pure trend and divergent trading within Transtrend. - How trading synthetic markets helps to profit from trends. - What Harold thinks is unique about Transtrend’s trading model. - Why Harold believes it's unrealistic to expect returns without volatility. - The differences between the passive and active investor. - What excites Harold about 2018. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/104/ In case you missed it, You can listen to PART 1 of this interview right here: https://youtu.be/lJbmyco2RsA === In This Episode, You'll Learn: - How Harold has built a successful trend following strategy by focusing on just one investment style. - How Harold views pure trend and divergent trading within Transtrend. - Why Harold believes it's unrealistic to expect returns without volatility. - What excites Harold about 2018. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Why Finance and Trading Is So Important for the World | with Kathryn Kaminski
 
01:09:12
Our next guest is different than any guest we’ve had before, as she is not a fund manager but has spent much of her life’s work researching and writing about the topic of trend following. She is a true thought leader in the managed futures industry and you’ll learn a lot from the animated discussion we have regarding the history of trend following and how she co-authored her latest book on the subject. Thank you for listening and please welcome our next guest, Kathryn Kaminski. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/kathryn-kaminski-trend-following-with-managed-futures-crisis-alpha/ === In This Episode, You’ll Learn: How her internship at a bank in France got her on the path to work in the financial industry. When she left academia and joined RPM in Sweden. The history of trend following as she lays it out in her book. How trend following at its core is quite simple. Her view on the building blocks of trend following. Her quest for acceptance of trend following in the academic community. About the Adaptive Market Hypothesis that she writes about in the book. What the CTA Smile is and what it really means. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Behind the Scenes with the World’s Leading Consultants | with Solarz, Duncan, Wood
 
41:33
Welcome to another edition of Top Traders Round Table, a series of conversations with industry leaders on the subject of Managed Futures. On this episode my guests are Chris Solarz, Managing Director, Global Macro Hedge Fund Strategies at Cliffwater, Adam Duncan, Managing Director at Cambridge Associates as well as Freeman Wood, who is a Partner and Head of North America, at Mercer. Our guests discuss their personal journeys to becoming leaders in their respective fields, the role of consultants today, and the relationship between investors, managers, and consultants. === In this episode you'll learn: - What challenges Adam sees institutional investors facing. - How the role of the consultant has changed. - Issues that frustrate consultants, and how our guests solve them. - How to bridge the gap between the managers and the investors. - Why past hedge fund managers were able to pursue a more “pure” strategy. - The practical implications of having a larger fund. - The pros and cons of smaller and larger managers. - What red flags new startups can avoid. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt5/ You can watch PART 2 of this interview right here: https://youtu.be/p1EKwnAiWtw === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How to Start Managing Client Capital | with Bastian Bolesta
 
01:23:57
The story of Deep Field Capital’s Founder and CEO is an interesting one. Bastian Bolesta met his future partners whilst spending a semester abroad in China before returning to Germany and then moving to Switzerland to join them. The team also moved from the discretionary trading space to a unique way of systematic trading. Deep Field is a relative newcomer to the industry as they don’t have a 20+ year track record, so our conversation has timely insights for those looking to start a firm and begin managing external client capital. Thanks for joining the discussion and please welcome our guest Bastian Bolesta. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/bastian-bolesta-deep-field-capital-how-to-start-managing-client-capital/ === In This Episode, You’ll Learn: - Bastian’s background and how he got interested in finance - How he met his future business partners and started their first business - How they went from the discretionary trading mindset to a systematic trading firm - How they came up with their initial trading ideas - The difference between discretionary and systematic traders - How he built the business from the ground up and how to grow a business smartly - How to convince investors that you can compete with larger managers - How regulation affects the business - How to convince investors that you can compete with larger managers - How regulation affects the business - The details of their trading program, and why they work in “themes” - The allocation process for his program === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
President of Famous Managed Futures Firm Tells All | with Mike Harris
 
01:10:30
This episode goes in-depth into the history of one of the most well-known managed futures firms in the world, Campbell & Company. We explore the beginnings of the company, how they have dealt with challenges a long the way and how they have succeeded to overcome them, as well as the current state of the company and the systematic models their products are built on. Our guest is current President of the company, Mike Harris, and you’ll hear about how he entered the industry as well as his path to becoming Campbell’s President. Thank you for taking the time to listen to this discussion and please welcome our guest, Mike Harris. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/mike-harris-the-history-of-campbell-company-managed-futures/ === In This Episode, You’ll Learn: How Mike explains what he does. How his interest in the financial markets started young and how he structured his whole education around working in this industry. The history of Campbell & Company. How they dealt with drawdowns in 1994 and ’95. What the company’s product offering looks like today. How the company’s 130+ employees are organised. How they outsource things on the technology side of the business. The ways the company uses long term, medium term, and shorter term systems. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How to structure your Risk Mitigation Strategy | Carrie Lo, Ryan Abrams, Ela Karahasanoglu
 
41:34
Top Traders is bringing you Top Traders Round Table, a series of conversations with industry leaders on the subject of Managed Futures. On this episode my guests are Ryan Abrams, Portfolio Manager at Wisconsin Alumni Research Association, Ela Karahasanoglu, VP at Workplace Safety and Insurance Board, and Carrie Lo, Director of Hedge Strategies at CalSTRS. We talk about Risk Mitigation Strategies, and how my guests have used these strategies in their own businesses, === In this episode you'll learn: - How Carrie diligently prepared her new Risk Mitigation Strategies (RMS). - How Ryan uses risk mitigation strategies in his organization. - The risks of risk parity strategies. - Is trend-following really an opportunity cost question? - Why Ela has focused more on tail-risk strategies. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt9/ === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Why You Should Avoid Carry Trading | with Anders Lindell
 
01:14:16
In this episode we dive into the negative effect of greed on the market. Anders Lindell again shows his depth of knowledge as he elaborates on the nature of irrationality though the ages and how our markets today, really are rather stretched. This is a powerful episode, I really do hope you will enjoy it. If you missed PART 1 of this interview, you can check it out right here: https://youtu.be/nw64HlL3jVU === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/anders-lindell-ipm-stop-loss-positioning-2/ === In This Episode, You’ll Learn: Risk factor analysis when selecting model attributes. What the more reliable indicator in the global economy is. Where IPM identifies value traps and optimizes their exposure to it. What drives the relationships that Anders explores to build models around. Why timing can be the largest challenge for their strategy. How Anders defines risk and how IPM controls the model and expected risk. The biggest fear Anders have in regards to unexpected market effects. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Philosophy of Trading Futures | Scott Foster, Dominion Capital Management
 
01:23:17
Scott Foster was a philosophy major and a magician before he ever considered trading in the stock market. During our conversation, he describes how philosophy and psychology determine his firm’s decisions and the story of how he started trading in a small town in Pennsylvania. === In this episode you'll learn: - Scott’s life as a magician and how the principals of magic influences his perspective on trading and the market. - How he started trading in the market. - How he educated himself in futures trading and invested long before he ever met another trader. - Some of his biggest failures and how he has learned from those experiences. - How a philosophy major with no connections to the financial world used his network to find a mentor. === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/27/ You can watch PART 1 of this interview right here: https://youtu.be/9ssuIXQ3NFg === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
How to Treat your Clients Fairly | with Marty Bergin
 
40:38
What are you going to do to differentiate yourself from everyone else in the industry? That’s the question Marty Bergin would ask the next guest on Top Traders Unplugged. Welcome back for the second part of our interview with, Marty Bergin. You can check out PART 1 of this interview right here: https://youtu.be/gx3tm7V73xU === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/010/ === In This Episode, You’ll Learn: How significant drawdowns help to make firms stronger. Dunn Capital Management’s approach to research. On the importance for personal ownership in a CTA firm. The importance (or lack of) of being located in a large financial hub. Dunn Capital’s investor focused fee structure. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
The Importance of a robust Risk Management System | Marty Bergin, Mike Boss, Grant Jaffarian
 
31:42
Welcome to Top Traders Round Table! On this episode we continue our conversation with some of the world's top trend following experts: Marty Bergin, the owner and President of DUNN Capital Management, Grant Jaffarian, Portfolio Manager of the Advanced Trend program at Crabel Capital Management, and Mike Boss, who is a Director within the Capital Introductions Team at Societe General. Our discussion continues on the topic of trend following and diverges to risk management. === In this episode you'll learn: - How to use your management and incentive fees to compete. - Why a robust risk management system is extremely important. - Who is winning the battle between the low-cost products and the traditional trend following offerings. - If the increased number of investors using trend following is impacting returns? - How rising interest rates will affect long- and short-term trend followers. - If machine learning is already being used by trend following firms? === You can check out the all of the notes and full transcript of this episode right here: https://www.toptradersunplugged.com/rt4/ You can watch PART 1 of this interview right here: https://youtu.be/RjrHoqsAEMg === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
What To Do If You Are Making Too Much Money! | with Mike Harris
 
01:10:34
Welcome to Part 2 of our conversation with Managed Futures expert and President Mike Harris of Campbell & Company. In this episode we delve into the specifics of Campbell & Company’s trading programs, how models are added or removed, and the importance of risk management. This episode also explores the managed futures industry as a whole and is a must-hear for anyone looking to gain knowledge about this strategy. Thanks for listening and welcome to the second part of our discussion with Mike Harris. === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/mike-harris-campbell-company-how-important-is-risk-management/ In case you missed it, You can listen to PART 1 of this interview right here: http://www.toptradersunplugged.com/mike-harris-the-history-of-campbell-company-managed-futures/ === In This Episode, You’ll Learn: - How they create a trading strategy. - Why they use a hypothesis driven system to add new models to their programs. - When do you remove a model? How do you know when it isn’t working anymore? - About position sizing and why its important. - How they look at risk through something called Vertical Risk and Horizontal risk. - Campbell’s systematic approach to risk management. - Why Mike thinks redundancies are so important. - The trend of the managed futures industry and why it has been dominated by European firms in the past 10 years. - The importance of managing work and life balance. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
Why The Game of Picking Sectors is a Fool’s Errand | with Jason Gerlach
 
01:02:59
Why The Game of Picking Sectors is a Fool’s Errand. We talk to the Chief Executive Officer at Sunrise Capital - Jason Gerlach about why this is the case. Welcome back to our conversation with Jason Gerlach of Sunrise Capital Partners. In this interview we discuss the history of Sunrise Capital Partners, the current evolution in their financial product line and the inner workings of what it takes to make it as a successful trading organization in the ever changing market conditions. Thank you for visiting, now lets rejoin the conversation with Jason Gerlach. You can check out PART 1 of this interview right here: https://youtu.be/fsJ38GBEfc0 === In case you missed it, You can listen to PART 1 of this interview right here: http://www.toptradersunplugged.com/001/ === In This Episode, You’ll Learn: Exploring the design structure of the Sunrise Evolution program: Quadrant A, B, C and D and how they play together. Detailed examples of how trading models can be different. How trade implementation works with complex systems like these. About the Volume of trading the Sunrise Capital does each day. === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com
What it Takes to Become a Great Trader | with Mike Dever
 
44:54
How does one become a Great Trader? In this episode we continue our conversation with the founder and CEO of Brandywine Asset Management and discuss the aspects of what makes his rule based asset management style so successful. You can check out PART 1 of this interview right here: https://youtu.be/2BEnYLeh7Yk === You can check out the all of the notes and full transcript of this episode right here: http://www.toptradersunplugged.com/004/ === In This Episode, You’ll Learn: Continuing the Conversation around why Trend Following can be more difficult Describing Disparate Return Drivers Why Position Sizing and Risk Management Principles are Everything The professional traders approach to the emotional challenges of drawdown. The environment of marketing trend following strategies to investors What it takes to become a great trader today === Follow us on social media: TWITTER: https://twitter.com/TopTradersLive FACEBOOK: https://www.facebook.com/toptradersunplugged INSTAGRAM: https://www.instagram.com/toptradersunplugged SOUNDCLOUD: https://soundcloud.com/toptradersunplugged-com