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Top Traders Unplugged episodes
- RT21: What's next for Hedge Funds? ft. Jake Barton, Trent Webster & Steven Wilson – 2of2
Today Niels continues his conversation with Jake Barton, the Senior Portfolio Manager at Promus Capital, Trent Webster, Senior Investment Officer of Strategic Investments at Florida State Board of Administration, and Steven Wilson, Senior Portfolio Manager at Teacher Retirement System of Texas. Listen in to learn when our guests use investment theory versus data, new standards for management fees, and what our guests look for in maintaining a reliable team for their investors.
-----
JOIN THE TREND FOLLOWING MANIFESTO BOOK LAUNCH LIST TO GET SPECIAL LOW PRICE ON OUR UPCOMING BOOK DURING THE FIRST WEEK!
- CLICK HERE
In This Episode, You’ll Learn:
- When to use investment theory versus data, and how you know when you have chosen correctly
- How the guests review their managers and analyze their results
- What organizations of different sizes can do to prepare for a crisis
- How Steven sees the new fee structure for hedge funds, that TRS helped develop, as more reasonable than the standard 2&20
- How a race to the bottom for management fees can remove much of the creative energy from the alternative manager space
- What excites Trent about the BBB section of the investment grade bond market
- What is new and upcoming in the hedge fund space
- The reading that our guests never miss inside and outside of the investment space
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Learn more about Jake Barton and Promus Holdings
Learn more about Trent Webster and State Board of Administration of Florida
Learn more about Steven Wilson and Teacher Retirement System of Texas
Copyright © 2026 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Privacy Policy
Disclaimer
44 min - 24 The Systematic Investor Series ft Meb Faber – February 24th, 2019Meb Faber joins the show to discuss his journey into Trend Following, where Trend Following funds have gone wrong in terms of attracting assets & growing AUM, why he started his company Cambria Investments and the difficulties that this involved, the perceived safety of US Treasuries, Mutual Funds vs ETFs, and a lot more.You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.comGet a free copy of my latest book "The Many Flavors of Trend Following" here.Send your questions to [email protected]Follow Meb, Niels, Jerry & Moritz on Twitter: @MebFaber, @TopTradersLive, @RJparkerjr09 & @MoritzSeibertFeel free to leave an honest review on iTunes.Episode Summary00:00 - Intro1:30 - Weekly review6:25 - Meb Faber’s backstory10:15 - Jerry question: Why don’t CTAs have more AUM?11:25 - Meb answer: Relates to branding/marketing; The word “futures” scares people; Allocator career risk in not following the herd plays a role (they don’t allocate much to CTAs)16:50 - Mortiz question: When and why did you start your firm?17:25 - Meb answer: See podcast21:00 - Moritz question: Why do you think TF and value is a great blend?21:50 - Meb answer: Best portfolio structure for the long-term.28:00 - Niels question: Please talk about the perceived safety of US Treasuries (based on your research) and why you use a broader portfolio.29:10 - Meb answer: See podcast36:20 - Niels question: What needs to happen before Betterment (and others) embrace TF?37:00 - Meb answer: A crisis or bear market could create interest; having US stocks stopped “working” for buy and hold could bring change as well (ex, Japanese stocks)40:15 - Mortiz question: Why did you set up an ETF vs a mutual fund or another vehicle?41:00 - Meb answer: I’m product (vehicle) agnostic but ETFs are vastly more tax efficient for equities (only for equities)50:00 - Jerry question: What needs to happen for mutual funds to be competitive with ETFs (tax wise)?50:20 - Meb answer: See podcast53:00 - Niels question: With ETFs do you have to disclose your trading methodology?53:25 - Meb answer: No, but you do have to disclose holdings daily.57:00 - Jerry question: What do you think of products designed for client desires/tolerances compared to optimally designed pure TF products?57:30 - Meb answer: Framing plays a large role in investor reception/adoption.1:02:30 - Jerry question: What is your opinion on active mgmt = discretionary & index = systematic?1:03:30 - Meb answer: See podcast1:11:30 - Niels points listeners to Meb’s podcast with Chris Cole for more on this topic1:12:30 - Niels questions: What are your favorite factors? How is your competition going with Patrick O’Shaughnessy?1:18:20 - Meb answers: Value, momentum, and trend. Wants simple, timeless, and universal. See podcast re O’Shaughnessy answer.1:19:30 - Mortiz question: Do you trade any vol products?1:19:40 - Meb answer: Not really1:25:45 - Jerry question: Why isn’t there a distinction between the good (full trading systems) and bad (market timing indicators) parts of systems trading in articles?1:26:30 - Meb answer: It is in the framing. Investors need a plan (indicator isn’t a plan). The media likes the boogeyman of market timing.1:30:45 - Performance recapSubscribe on:1 hr 34 min
- 24 The Systematic Investor Series ft Meb Faber – February 24th, 2019Meb Faber joins the show to discuss his journey into Trend Following, where Trend Following funds have gone wrong in terms of attracting assets & growing AUM, why he started his company Cambria Investments and the difficulties that this involved, the perceived safety of US Treasuries, Mutual Funds vs ETFs, and a lot more.You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.comGet a free copy of my latest book "The Many Flavors of Trend Following" here.Send your questions to [email protected]Follow Meb, Niels, Jerry & Moritz on Twitter: @MebFaber, @TopTradersLive, @RJparkerjr09 & @MoritzSeibertFeel free to leave an honest review on iTunes.Episode Summary00:00 - Intro1:30 - Weekly review6:25 - Meb Faber’s backstory10:15 - Jerry question: Why don’t CTAs have more AUM?11:25 - Meb answer: Relates to branding/marketing; The word “futures” scares people; Allocator career risk in not following the herd plays a role (they don’t allocate much to CTAs)16:50 - Mortiz question: When and why did you start your firm?17:25 - Meb answer: See podcast21:00 - Moritz question: Why do you think TF and value is a great blend?21:50 - Meb answer: Best portfolio structure for the long-term.28:00 - Niels question: Please talk about the perceived safety of US Treasuries (based on your research) and why you use a broader portfolio.29:10 - Meb answer: See podcast36:20 - Niels question: What needs to happen before Betterment (and others) embrace TF?37:00 - Meb answer: A crisis or bear market could create interest; having US stocks stopped “working” for buy and hold could bring change as well (ex, Japanese stocks)40:15 - Mortiz question: Why did you set up an ETF vs a mutual fund or another vehicle?41:00 - Meb answer: I’m product (vehicle) agnostic but ETFs are vastly more tax efficient for equities (only for equities)50:00 - Jerry question: What needs to happen for mutual funds to be competitive with ETFs (tax wise)?50:20 - Meb answer: See podcast53:00 - Niels question: With ETFs do you have to disclose your trading methodology?53:25 - Meb answer: No, but you do have to disclose holdings daily.57:00 - Jerry question: What do you think of products designed for client desires/tolerances compared to optimally designed pure TF products?57:30 - Meb answer: Framing plays a large role in investor reception/adoption.1:02:30 - Jerry question: What is your opinion on active mgmt = discretionary & index = systematic?1:03:30 - Meb answer: See podcast1:11:30 - Niels points listeners to Meb’s podcast with Chris Cole for more on this topic1:12:30 - Niels questions: What are your favorite factors? How is your competition going with Patrick O’Shaughnessy?1:18:20 - Meb answers: Value, momentum, and trend. Wants simple, timeless, and universal. See podcast re O’Shaughnessy answer.1:19:30 - Mortiz question: Do you trade any vol products?1:19:40 - Meb answer: Not really1:25:45 - Jerry question: Why isn’t there a distinction between the good (full trading systems) and bad (market timing indicators) parts of systems trading in articles?1:26:30 - Meb answer: It is in the framing. Investors need a plan (indicator isn’t a plan). The media likes the boogeyman of market timing.1:30:45 - Performance recapSubscribe on:1 hr 34 min
- SI24: Why Trend Following has "failed" to attract a lot of Assets ft. Meb Faber
Meb Faber joins the show to discuss his journey into Trend Following, where Trend Following funds have gone wrong in terms of attracting assets & growing AUM, why he started his company Cambria Investments and the difficulties that this involved, the perceived safety of US Treasuries, Mutual Funds vs ETFs, and a lot more.
-----
JOIN THE TREND FOLLOWING MANIFESTO BOOK LAUNCH LIST TO GET SPECIAL LOW PRICE ON OUR UPCOMING BOOK DURING THE FIRST WEEK!
- CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Episode TimeStamps:
00:00 – Intro
01:30 – Weekly review of performance
06:25 – Meb's backstory
10:15 – Jerry question: Why don’t CTAs have more AUM?
16:50 – Moritz question: When and why did you start your firm?
21:00 – Moritz question: Why do you think TF and value is a great blend?
28:00 – Niels question: Please talk about the perceived safety of US Treasuries (based on your research) and why you use a broader portfolio.
36:20 – Niels question: What needs to happen before Betterment (and others) embrace TF?
40:15 – Moritz question: Why did you set up an ETF vs a mutual fund or another vehicle?
50:00 – Jerry question: What needs to happen for mutual funds to be competitive with ETFs (tax wise)?
53:00 – Niels question: With ETFs do you have to disclose your trading methodology?
57:00 – Jerry question: What do you think of products designed for client desires/tolerances compared to optimally designed pure TF products?
01:02:30 – Jerry question: What is your opinion on active mgt = discretionary & index = systematic?
01:12:30 – Niels questions: What are your favorite factors? How is your competition going with Patrick O’Shaughnessy?
01:19:30 – Moritz question: Do you trade any vol products?
01:25:45 – Jerry question: Why isn’t there a distinction between the good (full trading systems) and bad (market timing indicators) parts of systems trading in articles?
01:30:45 – Benchmark performance update
Copyright © 2026 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Privacy Policy
Disclaimer
1 hr 34 min - 20 Top Traders Round Table with Jake Barton, Trent Webster, and Steven Wilson – 1of2"Being a mid-twenties analyst during the 2008 financial crisis was a very eye opening experience, and it showed me the importance of being methodical and critical, and not quick to make decisions whenever you're faced with adversity in investing." - Steven Wilson (Tweet)Welcome to Top Traders Round Table, a podcast series on managed futures brought to you by CME Group and the Managed Fund Association. On today's episode, which took place at the MFA's Network 2019 conference in Miami, Niels Kaastrup-Larsen speaks with Jake Barton, the Senior Portfolio Manager at Promus Capital, Trent Webster, Senior Investment Officer of Strategic Investments at Florida State Board of Administration, and Steven Wilson, Senior Portfolio Manager at Teacher Retirement System of Texas. As managers of the investment of pensions and alternative portfolios, our guests today get in depth on how they use trend following to improve their client's capital, from interpersonal strategies in choosing a portfolio, how the funding status of a pension can affect a board's strategy, and what guides them in making the choices they do for their holdings.Subscribe on:In This Episode, You'll Learn:How the guests got their start in investingTrent's philosophy for choosing his investmentsWhat Jake looks for when working with managers"There is a pension crisis coming in this country, probably sometime in the next decade or so, and there's going to have to be some hard decisions made." - Trent Webster (Tweet)The core beliefs and principles that drive each of the guest's decisionsHow the funding level of the pension fund can change investment decisionsThe varying degrees of differentiation and how it changes with the markets"That's something we spent quite a bit of time on, is 'what is our philosophy?' and 'how do we want to be good stewards of the capital our clients trust us with?'." - Jake Barton (Tweet)Why our guests are firmly committed to trend following even after a few years of lower returnsWhy convincing boards to invest in a hedge fund can be so difficultThis episode was sponsored by CME Group and Managed Funds Association:Connect with our guests:Learn more about Jake Barton and Promus HoldingsLearn more about Trent Webster and State Board of Administration of FloridaLearn more about Steven Wilson and Teacher Retirement System of Texas"It takes us a while to maneuver, but when asset markets come down, we've started to look through the valley and start planning what we want to do into the bear market." - Trent Webster (Tweet)50 min
- 20 Top Traders Round Table with Jake Barton, Trent Webster, and Steven Wilson – 1of2"Being a mid-twenties analyst during the 2008 financial crisis was a very eye opening experience, and it showed me the importance of being methodical and critical, and not quick to make decisions whenever you're faced with adversity in investing." - Steven Wilson (Tweet)Welcome to Top Traders Round Table, a podcast series on managed futures brought to you by CME Group and the Managed Fund Association. On today's episode, which took place at the MFA's Network 2019 conference in Miami, Niels Kaastrup-Larsen speaks with Jake Barton, the Senior Portfolio Manager at Promus Capital, Trent Webster, Senior Investment Officer of Strategic Investments at Florida State Board of Administration, and Steven Wilson, Senior Portfolio Manager at Teacher Retirement System of Texas. As managers of the investment of pensions and alternative portfolios, our guests today get in depth on how they use trend following to improve their client's capital, from interpersonal strategies in choosing a portfolio, how the funding status of a pension can affect a board's strategy, and what guides them in making the choices they do for their holdings.Subscribe on:In This Episode, You'll Learn:How the guests got their start in investingTrent's philosophy for choosing his investmentsWhat Jake looks for when working with managers"There is a pension crisis coming in this country, probably sometime in the next decade or so, and there's going to have to be some hard decisions made." - Trent Webster (Tweet)The core beliefs and principles that drive each of the guest's decisionsHow the funding level of the pension fund can change investment decisionsThe varying degrees of differentiation and how it changes with the markets"That's something we spent quite a bit of time on, is 'what is our philosophy?' and 'how do we want to be good stewards of the capital our clients trust us with?'." - Jake Barton (Tweet)Why our guests are firmly committed to trend following even after a few years of lower returnsWhy convincing boards to invest in a hedge fund can be so difficultThis episode was sponsored by CME Group and Managed Funds Association:Connect with our guests:Learn more about Jake Barton and Promus HoldingsLearn more about Trent Webster and State Board of Administration of FloridaLearn more about Steven Wilson and Teacher Retirement System of Texas"It takes us a while to maneuver, but when asset markets come down, we've started to look through the valley and start planning what we want to do into the bear market." - Trent Webster (Tweet)Full TranscriptThe following is a full detailed transcript of this conversion. Click here to subscribe to our mailing list, and get full access to our library of downloadable eBook transcripts!NielsWelcome to another edition of Top Traders Round Table, a podcast series on managed futures. My name is Niels Kaastrup-Larsen, and I'm delighted to welcome you to today's conversation with industry leaders and pioneers in managed futures, which is brought to you by CME Group.Today's conversation is taking place at one of the most important events of the year, namely the MFA Network 2019 Conference in Miami. It's a great event where hundreds of investors and managers meet in a wonderful setting that allows for some very productive conversations. One of them is my conversation today, with Steven Wilson, who is a senior portfolio manager in the Public Market Group at The Teacher Retirement System of Texas; Trent Webster who is the senior investment officer at Strategic Investments for the State Board of Administration of Florida; as well as Jake Barton, who is a senior portfolio Manager at Promus Capital, which is a multi-family investment firm.First of all,50 min
- RT20: The Looming Pension Crisis ft. Jake Barton, Trent Webster & Steven Wilson – 1of2
On today’s episode Niels Kaastrup-Larsen speaks with Jake Barton, the Senior Portfolio Manager at Promus Capital, Trent Webster, Senior Investment Officer of Strategic Investments at Florida State Board of Administration, and Steven Wilson, Senior Portfolio Manager at Teacher Retirement System of Texas. As managers of the investment of pensions and alternative portfolios, our guests today get in depth on how they use trend following to improve their client’s capital, from interpersonal strategies in choosing a portfolio, how the funding status of a pension can affect a board’s strategy, and what guides them in making the choices they do for their holdings.
-----
JOIN THE TREND FOLLOWING MANIFESTO BOOK LAUNCH LIST TO GET SPECIAL LOW PRICE ON OUR UPCOMING BOOK DURING THE FIRST WEEK!
- CLICK HERE
In This Episode, You’ll Learn:
- How the guests got their start in investing
- Trent’s philosophy for choosing his investments
- What Jake looks for when working with managers
- The core beliefs and principles that drive each of the guest’s decisions
- How the funding level of the pension fund can change investment decisions
- The varying degrees of differentiation and how it changes with the markets
- Why our guests are firmly committed to trend following even after a few years of lower returns
- Why convincing boards to invest in a hedge fund can be so difficult
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Learn more about Jake Barton and Promus Holdings
Learn more about Trent Webster and State Board of Administration of Florida
Learn more about Steven Wilson and Teacher Retirement System of Texas
Copyright © 2026 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Privacy Policy
Disclaimer
50 min - 23 The Systematic Investor Series – February 18th, 2019What is the value of the 200-day Moving Average, the benefit of tried and tested strategies vs new and trendy strategies? Are drawdowns a necessary component of a robust strategy, and what is the optimum startup capital? These, and a lot more we discuss this week.You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.comGet a free copy of my latest book "The Many Flavors of Trend Following" here.Send your questions to [email protected]Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 & @MoritzSeibertFeel free to leave an honest review on iTunes.Episode Summary00:00 - Intro00:45 - Announcement: Meb Faber will be on the show next week please send questions01:50 - Weekly review06:40 - Top tweets19:00 - Question 1: Alfred; What are some filters to increase the accuracy of breakouts?25:25 - Question 2/3: Walter; Do you use volume as a signal in your systems? I’ve heard you mention more volatile systems are more robust, please explain why.41:00 - Question 4: Paul; Please discuss big data, market predictions, and the relationship to TF.47:40 - Question 5: Robert; Are Chesapeake’s single stock positions being traded via futures or cash equities?50:00 - Question 6/7/8: Chris; Why don’t more TF use single stocks? Do you put on positions the day of the signal or wait until end of week (or similar)? How do you think about stop losses in a portfolio?1:02:20 - Question 9: Matt; What needs to happen for investors to embrace TF like you all have?1:09:30 - Question 10/11: Peter-Francois; How do you handle existing positions and inflows/outflows of capital? Do you adjust stop loss levels when new investors come in to existing positions?1:14:30 - Question 12: Francois; What is your take on factor investing such as value and momentum?1:26:30 - Question 13: Alex; How would you trade $20k vs $20mm?1:31:00 - Performance recapSubscribe on:1 hr 34 min
- 23 The Systematic Investor Series – February 18th, 2019What is the value of the 200-day Moving Average, the benefit of tried and tested strategies vs new and trendy strategies? Are drawdowns a necessary component of a robust strategy, and what is the optimum startup capital? These, and a lot more we discuss this week.You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting TopTradersUnplugged.comGet a free copy of my latest book "The Many Flavors of Trend Following" here.Send your questions to [email protected]Follow Niels, Jerry & Moritz on Twitter: @TopTradersLive, @RJparkerjr09 & @MoritzSeibertFeel free to leave an honest review on iTunes.Episode Summary00:00 - Intro00:45 - Announcement: Meb Faber will be on the show next week please send questions01:50 - Weekly review06:40 - Top tweets19:00 - Question 1: Alfred; What are some filters to increase the accuracy of breakouts?25:25 - Question 2/3: Walter; Do you use volume as a signal in your systems? I’ve heard you mention more volatile systems are more robust, please explain why.41:00 - Question 4: Paul; Please discuss big data, market predictions, and the relationship to TF.47:40 - Question 5: Robert; Are Chesapeake’s single stock positions being traded via futures or cash equities?50:00 - Question 6/7/8: Chris; Why don’t more TF use single stocks? Do you put on positions the day of the signal or wait until end of week (or similar)? How do you think about stop losses in a portfolio?1:02:20 - Question 9: Matt; What needs to happen for investors to embrace TF like you all have?1:09:30 - Question 10/11: Peter-Francois; How do you handle existing positions and inflows/outflows of capital? Do you adjust stop loss levels when new investors come in to existing positions?1:14:30 - Question 12: Francois; What is your take on factor investing such as value and momentum?1:26:30 - Question 13: Alex; How would you trade $20k vs $20mm?1:31:00 - Performance recapSubscribe on:1 hr 34 min
- SI23: What is the value of the 200-Day Moving Average?
What is the value of the 200-day Moving Average, the benefit of tried and tested strategies vs new and trendy strategies? Are drawdowns a necessary component of a robust strategy, and what is the optimum startup capital? These, and a lot more we discuss this week.
-----
JOIN THE TREND FOLLOWING MANIFESTO BOOK LAUNCH LIST TO GET SPECIAL LOW PRICE ON OUR UPCOMING BOOK DURING THE FIRST WEEK!
- CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to [email protected]
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Episode TimeStamps:
00:00 – Intro
00:45 – Announcement: Meb Faber will be on the show next week please send questions
01:50 – Weekly review of performance
06:40 – Top tweets
19:00 – Question 1: Alfred; What are some filters to increase the accuracy of breakouts?
25:25 – Question 2/3: Walter; Do you use volume as a signal in your systems? I’ve heard you mention more volatile systems are more robust, please explain why.
41:00 – Question 4: Paul; Please discuss big data, market predictions, and the relationship to TF.
47:40 – Question 5: Robert; Are Chesapeake’s single stock positions being traded via futures or cash equities?
50:00 – Question 6/7/8: Chris; Why don’t more TF use single stocks? Do you put on positions the day of the signal or wait until end of week (or similar)? How do you think about stop losses in a portfolio?
01:02:20 – Question 9: Matt; What needs to happen for investors to embrace TF like you all have?
01:09:30 – Question 10/11: Peter-Francois; How do you handle existing positions and inflows/outflows of capital? Do you adjust stop loss levels when new investors come in to existing positions?
01:14:30 – Question 12: Francois; What is your take on factor investing such as value and momentum?
01:26:30 – Question 13: Alex; How would you trade $20k vs $20mm?
01:31:00 – Benchmark performance update
Copyright © 2026 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Privacy Policy
Disclaimer
1 hr 34 min
About Top Traders Unplugged
From the publisher's feed
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 ideas, mental models, and risk frameworks behind robust performance.
If you're building resilient portfolios, allocating capital, or simply looking to cut through the noise - this is your edge.
Clear thinking. Deep insights. Real experience.
🎧 New episodes weekly. Explore all episodes at toptradersunplugged.com https://toptradersunplugged.com
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