Capital Horizons - The Podcast

After interviewing the greatest traders in the world for over 40 years, Jack Schwager knows what separates winners from everyone else. In this Capital Horizons interview, the author of Market Wizards shares the timeless habits, risk principles, and psychological edge behind exceptional trading performance—including why most people never reach the top, why money eventually stops being the goal, and...

Igor Yelnik sat down with Joy (Zhuoying) Xu, Senior Investment Director at Verizon Investment Management, to discuss how her team manages a ~$50B portfolio - with a deep dive into their highly effective Global Tactical Asset Allocation (GTAA) overlay. Joy shares practical insights on blending quantitative models (valuation, momentum, sentiment, liquidity) with qualitative judgment, delivering cons...

In this episode of Capital Horizons, Igor Yelnik and Jason Hsu engage in a lively and insightful conversation on investing in emerging markets. They explore a wide range of critical topics, including navigating geopolitical risks, dealing with poor data quality, balancing short-term versus long-term forecasting, the demographic challenges shaping China’s future, investing in AI despite bubble conc...

Rob Carver shares his expertise on trading futures strategies, joining Igor Yelnik to dive into both high-level concepts and technical execution. They explore various signal types, portfolio construction, and backtesting methodologies, while offering practical insights into managing trading costs and more. Host: Igor Yelnik Guest Speaker: Robert Carver Youtube: @capitalHorizonsPodcast X: @CHthepod...

How do you invest when you’re responsible for billions? Richard Tomlinson, CIO of LPPI, sits down with Igor Yelnik to explore the key questions shaping institutional investing today: active vs passive, in-house vs outsourced, private vs public assets, defining risk, and building portfolios that can survive anything. A thoughtful conversation on how big money is actually managed. Host: Igor Yelnik...

In this episode of Capital Horizons: The Podcast, Igor Yelnik dives into the world of critical minerals and how to trade them with Tomasz Nadrowski and Stuart Macliver of Amvest Capital. They explore whether Greenland could become a major mining hub, how China came to dominate the market, why human capital in the West is declining, and why Europe’s situation is increasingly concerning. They also e...

How did Lisa, a former actress, become a successful entrepreneur, and then a successful investor? What led her to sucess in her business? What are her investment principles? What does she expect from a founder? What have been her mistakes? How does she think about philantropy? How is she hoping to raise money to fight breast cancer (a spoiler: watch out for a podcast called "Off my chest"). Host:...

As 2025 is rolling towards its end, enjoy the highlights of Capital Horizon The Podcast! Many thanks to Diana Choyleva, James Butterfill, Jason Hsu, Patrick English, Arun Muralidhar, Rishi Narang, Evgeny Gokhberg, Tom Ducrot, Jim Liew, Justin Crump, Pascal Kummert, Maryam Torshizi, Andrew Beer, Sir Tony Brenton, Michael Oliver, Dennis Rivera, Francesco Filia, Amlan Roy, Jon Danielsson, Bilal Hafee...

Igor Yelnik interviews Evgeny Gokhberg, founder of Re7 Capital, for a candid conversation on DeFi and tokenisation. They unpack DeFi lending’s risk-reward tradeoff, why building a DeFi fund is far harder than it looks, who’s investing in this space, and why pension funds staying out might be a blessing. Plus—could 24/7 stock trading be the next big shift? Don’t miss it. Host: Igor Yelnik Guest Spe...

Igor Yelnik and Tom Ducrot of Futures Ratio discuss the futures market. How do people make money in futures? Who are investors in managed futures? Should investors put more capital into managed futures strategies? Why don't they? How are managed futures packaged in investable products? Host: Igor Yelnik Guest Speaker: Tom Ducrot Youtube: @capitalHorizonsPodcast X: @CHthepodcast Facebook: @capitalh...

In the latest episode of Capital Horizons The Podcast Igor Yelnik speaks with Maryam Torshizi, founder of DeepSearch Labs about AI. How to avoid halluciantions? How is AI used in asset management? Why is data important? Can LLM's be used for critical taks? Can AI predict wars? Host: Igor Yelnik Guest Speaker: Maryam Torshizi Youtube: @capitalHorizonsPodcast X: @CHthepodcast Facebook: @capitalhoriz...

In conversation with Igor Yelnik, Andrew Beer shares his view on portfolio construction, the role of managed futures in investment portfolios, agency problems in the industry. He spices it up with multiple examples and explains why investors do not always choose what is best for them. Host: Igor Yelnik Guest Speaker: Andrew Beer Youtube: @capitalHorizonsPodcast X: @CHthepodcast Facebook: @capitalh...

How do carbon markets works? How do the help to reduce emissions? What are geopolitical aspects of energy transition? Who is free-riding emission reduction and what's being done about it? What are unintended consequences of reducing emissions? And finally, how to profit from carbon markets? Host: Igor Yelnik Guest Speaker: Michael Azlen Youtube: @capitalHorizonsPodcast X: @CHthepodcast Facebook: @...

How are hedge funds using AI? How do institutional investors adopt it? Is "AI powered" always good? Do hedge fund managers think differently? How far are we from super-intelligence? As the role of AI in asset management grows, what will be the role of a human? Host: Igor Yelnik Guest Speaker: Jim Liew Youtube: @capitalHorizonsPodcast X: @CHthepodcast Facebook: @capitalhorizonspodcast Instagram: @c...

Prof. Brunello Rosa and Igor Yelnik discuss the geopolitics of central banks' digital currencies. How does digital yuan help China extend its influence over other countries? What is the ECB aiming to and capable of doing? Why is the US lagging behind? How serious are privacy issues? This and much more in the latest episode of Capital Horizons the Podcast. Tune in! Host: Igor Yelnik Guest Speaker:...

Russia - Ukraine. A rare balanced view from a Western politician expressed by Sir Tony Brenton, a former British ambassador to Russia. Sir Tony tells Igor Yelnik about the reasons and possible outcomes of the conflict, the perspectives of Western countries and corporations, the position of the new NATO members: Sweden and Finland, the likelihood of Russia attacking a European country, when sanctio...

Igor Yelnik and Michael Oliver from Global Partnership Family Offices (GPFO) talk about family offices: How do they invest? Do they like alternatives? Are private markets a minefield? Is there distrust of traditional financial institution? What is the purpose of wealth? Do multi-family offices compete with private banks? Do the rich have targets on their backs? Do they sit on their yachts sipping...

35 years' worth of experience of trading on the exchange floor teach you a thing or two. In this episode Dennis Rivera shares fascinating stories with Igor Yelnik and tells him about many lessons he learned in this tough and incredibly competitive environment. These lessons helped Dennis in the current stage of his long career - investing in hedge funds. Tune in! Host: Igor Yelnik Guest Speaker: D...

From petrodollar to digital yuan: the use of digital currencies for cross-border payments, the shift from the petrodollar system to the petroyuan system, the possibility of a conflict around Taiwan, the potential of the yuan to take its share in global reserves, capital controls, the interests of the gulf countries and much more in Igor Yelnik's conversation with Diana Choyleva, founder of Enodo E...

Highlights of Capital Horizons The Podcast 2024 have now arrived. Enjoy 15 minutes of political and market wisdom from Igor Yelnik's co-host Sir Michael Fallon and their 13 guests: Jason Hsu, Bilal Hafeez, James Butterfill, Patrick English, Jon Danielsson, Arun Muralidhar, Rishi Narang, Alan Dunne, Mario Unali, Amlan Roy, Francesco Filia, Pascal Kummert and Justin Crump. Youtube: @capitalHorizonsP...

How to manage immigration? How to adjust pension systems? What's the effect of demographics on asset prices? How will financial institutions be affected? Is the current generation likely to be better off than baby boomers? Will India overtake China? All this and more as Igor Yelnik speaks with Global Macro-Finance Researcher & Thought Leader, Amlan Roy. Host: Igor Yelnik Guest Speaker: Amlan R...

Why banks fail? Why does narrow banking help? What can central banks do? What would have happened had Credit Suisse dragged UBS with it? Will shadow banking grow further? What is the role of fintech platforms? Do they have an advantage? All this and more as Igor Yelnik and Sir Michael Fallon speak with special guest Francesco Filia, CEO & Founder of Fasanara. Hosts: Igor Yelnik & Sir Micha...

What's really important to senior republicans? Did Putin want the war with Ukraine? How to trade around exogenous shocks? How could one trade dollar/yen, the China stimulus, the Russia/Ukraine conflict or the Middle East crisis? What is a perfect trade? What's the risk with discretionary macro? What's the role of AI in the next war? What drives gold? All this and more as Igor Yelnik and Sir Michae...

In this episode of Capital Horizons The Podcast Alan Dunne gives advice to both investors and hedge fund managers. He discusses the role of liquid alts in investors' portfolios, especially in the current turbulent environment. He touches upon multistrats and on the systemic risk they present. Towards the end of the conversation Alan tells us why smart people choose a super-competitive business and...

Igor Yelnik and Mario Unali of Kairos Partners discuss hedge funds: single and multi-strats, funds of funds, private equity, European regulation and more. Making money isn’t the sole requirement to hedge fund managers nowadays, there’s so much more to it. Tune in to learn what a seasoned hedge fund investor thinks about it. Host: Igor Yelnik Guest Speaker: Mario Unali Membership: @capitalHorizonsP...