Top Traders Unplugged
10 podcasts that give you key insights into the European buy side landscape
This page will feature ten podcasts in the course of the next three months produced in co-operation with Top Traders Unplugged.
Top Traders Unplugged is a website that gives large as well as smaller and emerging hedge funds managers a chance to be heard by a variety of investors and shares valuable insights to the most relevant issues for the buy side.
Episode 10: How clear and explainable should a trading model be? | Andreas Clenow, Author & Trader
In part 2 of our conversation with Andreas Clenow, we discuss the research and work that goes into making his trading model, how he deals with risk and drawdowns, and how he explains his models to potential investors. More:
- Why a track record matters and how it matters
- How trend following has done over the last few years
- How he builds his own trading strategies
- How he allocates risk on his different models
- The kinds of risk management that he uses in his model
- How he talks to investors about drawdowns
Episode 9: Simple systems are usually the better ones| Andreas Clenow, Author & Trader
Andreas Clenow, successful trader and author, is our guest in Episode 9. With him we discuss trend following and the need to keep it simple, the mistakes that retail traders make, and how to start a new firm in this day and age. More:
- Why he has a large degree of flexibility with his firm and the capital they manage
- How he became head of the Reuters Development Team in Geneva for equities and commodities
- How he started at ACIES
- The books he has written about systematic trading strategies
- The value of simplicity
- The issues with doing trend following on stocks
Episode 8: Why diversification is key | Robert Carver, Author & Trader
In the second part of our conversation with Robert Carver, we dive into the specifics of his trading strategy, why he doesn’t trade full time, and what he thinks about the trends in general. You’ll hear his thoughts on drawdowns, research teams, risk, and more. More:
- The two components of risk, and all about unpredictable risk
- What sets apart one manager from the other
- How investors should read the track records of firms
- Why is he so keen on looking at sharp ratio
- What his own trading system looks like today
- What investors should ask but they never do
Episode 7: Make a simple system and stick to it | Robert Carver, Author & Trader
Episode 7 features author Robert Carver telling us why he devoted his life and a whole book to the subject of trading, why he believes in systematic trading and why simplicity is the key for him. More:
- The decision to write his new book: “ Systematic Trading”
- The biggest investing mistakes of his career
- The 3 types of investors that he defines in the book
- Why sticking to a plan is so important
- How the markets and CTAs will change once the interest rate changes
- Things that people should avoid when creating a trading system
Episode 6: The importance of explaining why| Andrew Baxter, Cambridge Capital Management
In this episode, we dive into the models and processes that Cambridge Capital and Andrew Baxter use to manage risk, research new ideas, and grow their business. We also talk about the importance for managers to explain why they do what they do, rather than just what they do. More:
- How his forecast method works
- How he develops his basic models
- How they come up with new ideas for models
- When they make interventions to the system
- Why they continuously adjusting their risk in the market
- How their research cycles work
- The challenges he sees for the CTA space
- and more
Episode 5: An Engineer Uses Machine Learning in Investment Management | Andrew Baxter, Cambridge Capital Management
In our fifth podcast Andrew Baxter of Cambridge Capital Management explains why he considers himself an engineer, his philosophy on the investment management process, what he has learned so far from building his own company and what he does to manage risk. More:
- How he went from engineer to investment manager
- Things he learned from his career history
- Why it is important to keep innovating
- What they do in-house versus outsourcing
- The culture he tries to cultivate in his company
- The objective of his program
- The different markets his program trades
Episode 4: Setting up a hedge funds company: Constructing a portfolio | Natasha Reeve-Gray, Altis Partners
In our fourth podcast Natasha Reeve-Gray of Altis Partners talks about the construction of a portfolio, adaptive models and what her companies integrated risk approaches do. She also defines risk, what correlations play a part in her portfolio and which sectors of the market do well with their model. More:
- How to set expectations for drawdowns
- How to help investors with the emotional rollercoaster
- How to detect if a certain model stops working
- What lessons they have learned from all their years in business
- How success changes your mindset
- Why a long term relationship with a client is important
- What advice she would give to emerging managers today
- Where she thinks the managed futures industry is going as a whole
Episode 3: Setting up a hedge funds company: The early days | Natasha Reeve-Gray, Altis Partners
In our third podcast Natasha Reeve-Gray talks about her first job in finance, how she got hired by QCM and why and how she and her partners broke off from QMC. She gives an insight into the early days and the development of her new company, Altis Partners:
- How she set up her new firm with her partners
- The biggest obstacles of the early days and knowing which people to talk to
- The biggest learning curve in hiring the right people
- Why they built a 24-month buffer to let them stay in business if things went down?
- Why they’ve gone to the cloud for their business?
- The core team and what would require them to expand the team
- Their track record to investors and potential clients
- How they reacted to the period of 2011 – 2013?
- Details of their trading program and their philosophy behind the program
Episode 2: How a serial entrepreneur built an algorithmic trading firm: The trading strategy | Oliver Steinki, Evolutiq
In the second part of our conversation with the cofounder of Evolutiq, we dive into the firm’s trading strategy, how they manage risk, and what kinds of investors they seek. He also discusses tips for budding entrepreneurs and firm managers, and how he deals with explaining the complexity of his trading models:
- The question of simplicity vs. complexity.
- How they managed intra-day forecasting.
- How he manages risk.
- The way that market correlations play into the portfolio.
- What he is looking at in his research for the firm right now.
- How models can start decaying.
- Who he is targeting for his firm.
- How he manages the cash portion of his accounts.
- How setting up a company outside the big financial center affects his business.
- What questions investors should be asking him during due diligence meetings.
- The advice he would give to aspiring managers.
Episode 1: How a serial entrepreneur built an algorithmic trading firm | Oliver Steinki, Evolutiq
Hear the fascinating story of Oliver Steinki on this episode, as we dive into his new firm and the details behind his models and strategy:
- The entrepreneurial background that Oliver comes from.
- How he studied in Germany, Madrid and Manchester.
- About his childhood and when he started to realize he was interested in mathematics and finance.
- What he likes doing when he is not managing his own firm.
- What algorithmic trading is all about.
- How the scientific trading model generates signals.
- What the trade implementation phase entails and how it works.
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About Top Traders Unplugged
On Top Traders Unplugged you can always find a broad scope of insightful, engaging and passionate interviews with the most successful hedge fund managers and traders in the world.
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