Managing money, it's a bit more like entering a dark room and you know you've got to the

other side and you know there's lots of obstacles in the way.

And one thing you don't do is go, well, we've identified our past we're going to take and

we're going to sit to it. So you navigate a bit, you hit an obstacle, you work your way around it. And I think

that's how a lot of successful money managers operate in practice. They might, in terms of

describing what they're doing, go heavy on the big theme stuff, because it's fascinating and it's really

interesting, but it's not necessarily the major source of returns for that many managers.

Imagine spending an hour with the world's greatest traders.

Imagine learning from their experiences, their successes, their successes, and their failures.

Imagine no more.

Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world,

so you can take your manager due diligence or investment career to the next level.

Before we begin today's conversation, remember to keep two things in mind.

All the discussion we'll have about investment performance is about the past, and past performance does not guarantee or even infer anything about future performance. Also understand that there's a significant risk of financial loss with all investment strategies, and you need to request and understand the specific risks from the investment

manager about their product before you make investment decisions. Here's your host, veteran hedge fund

manager, Nealz Kostrup Larson. For me, the best part of my podcasting journey has been the opportunity to speak to a huge range of extraordinary investors from all around the world.

In this series, I have invited one of them, namely Alan Dunn, to host a series of in-depth conversations on the topic of what it takes to be a world-class allocator.

In today's world, portfolio construction is fast moving to the top of the agenda

of many investors as they try to analyze and understand the riskiness of their portfolios.

And with ever increasing uncertainty around the globe,

being well diversified across many different strategies and themes in your portfolio can mean the difference between ruin and survival when the next crisis emerge.

The aim of these conversations is to try and understand the experiences that have influenced these highly specialized allocators

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