Christopher Cruden's guest appearances

Christopher Cruden

Michael Covel's Trend Following

Token Watchers

360T Podcast Series

Elon Musk

Daniel Kahneman

Tim Ferriss

Tyler Cowen

Annie Duke

Michael Mauboussin

Steven Pinker

Mark Manson

Jim Rickards

Chris Ryan

Chris Ducker

Rich Karlgaard

Cal Newport

Vanessa Van Edwards

Nir Eyal

OwlTail

In this episode Christopher Cruden, CEO and Director of the hedge fund Insch Kintore Ltd., reflects on how the FX markets have changed since he launched his first currency trading programme back in 1991 and explains how he has adapted his trading strategy accordingly. Cruden also tackles the question of why trend following strategies have generally yielded poor returns over the past decade and whether or not there is actually such a thing as “sweet spot volatility” when it comes to FX.

In this episode Christopher Cruden, CEO and Director of the hedge fund Insch Kintore Ltd., reflects on how the FX markets have changed since he launched his first currency trading programme back in 1991 and explains how he has adapted his trading strategy accordingly. Cruden also tackles the question of why trend following strategies have generally yielded poor returns over the past decade and whether or not there is actually such a thing as “sweet spot volatility” when it comes to FX.

Episode 13 - Christopher Cruden, CEO and Director at Insch Kintore Ltd. 

Michael &amp; Jonathan are joined by Christopher Cruden, manager of Insch Kintore. Mr. Cruden is one of the leading international FX currency traders who brings over 40 years of currency and currency trading experience.. ABOUT CHRISTOPHER CRUDEN Mr. Cruden began his business career in South Africa as a gold analyst in 1980. In 1983 he joined Dean Witter, Reynolds Inc. in New York and became involved with the nascent Managed Future Industry and the Alternative Investment Industry. In 1988 he became a Director of AHL Asset Management Ltd in London, one of the world’s first truly systematic CTA’s. After the sale of this firm to Man International in 1990, he became Head of Managed Futures and Options for a major U.S. investment bank in London. He became Managing Director of Tamiso &amp; Co. LLC in New York during 1993. At Tamiso he was responsible for FX investment products, research and trading. He substantially enlarged the firm’s involvement in algorithmic FX trading. In 1999 Tamiso and Man International established a joint venture based upon the FX trading system of Tamiso. Between 2000 and the present, he has originated and developed a number of FX based trading strategies utilizing a unique, matrix-based approach to investment founded upon risk equivalency. – Including the Insch Kintore strategy. He has been actively involved in the research and development of algorithmic trading strategies for over 30 years. Over the last 30 years he has worked alongside Rudolf Wolff Ltd on a number of investment strategies and structures. He has also worked closely with the Investment Adviser in London for the past 3 years. He attended The Royal Military Academy, Sandhurst in 1975 and was commissioned into the 1st Bn The Gordon Highlanders.  ABOUT INSCH KINTORE http://www.inschkintore.com/ The Insch Kintore strategy is a fully disciplined and entirely systematic trading program that trades gold (as a currency) versus G7 currencies. The program is “trend following” in nature and fully automated in terms of trade implementation and execution. Buy and sell signals are generated from price breakouts, volatility and other proprietary signals. The strategy has achieved exceptionally attractive levels of investment performance with consistent alpha, alongside non-correlated downside deviation when compared with traditional investments. Due to the portfolio and the instrument traded (XAU/G7 as FX cross rates), Insch Kintore offers extreme transparency and liquidity. It also offers:  Outperformance over equity markets, fixed income markets and gold Real diversification from equity, fixed income and precious metals Crisis risk offset for a traditional portfolio  This best-in-class strategy won the 2016 EuroHedge Award for Best Managed Futures Performance under $500m, the 2017 CTA Intelligence Award for Long Term Performance Under $500m and the 2017 HFR Review Best Managed Futures/CTA Award. ABOUT DIGITAL DOLLAR SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter--- Send in a voice message: https://anchor.fm/digitaldollar/message

Michael &amp; Jonathan are joined by Christopher Cruden, manager of <a href="http://www.inschkintore.com/" rel="nofollow" target="_blank">Insch Kintore</a>. Mr. Cruden is one of the leading international FX currency traders who brings over 40 years of currency and currency trading experience.. ABOUT CHRISTOPHER CRUDEN Mr. Cruden began his business career in South Africa as a gold analyst in 1980. In 1983 he joined Dean Witter, Reynolds Inc. in New York and became involved with the nascent Managed Future Industry and the Alternative Investment Industry. In 1988 he became a Director of AHL Asset Management Ltd in London, one of the world’s first truly systematic CTA’s. After the sale of this firm to Man International in 1990, he became Head of Managed Futures and Options for a major U.S. investment bank in London. He became Managing Director of Tamiso &amp; Co. LLC in New York during 1993. At Tamiso he was responsible for FX investment products, research and trading. He substantially enlarged the firm’s involvement in algorithmic FX trading. In 1999 Tamiso and Man International established a joint venture based upon the FX trading system of Tamiso. Between 2000 and the present, he has originated and developed a number of FX based trading strategies utilizing a unique, matrix-based approach to investment founded upon risk equivalency. – Including the Insch Kintore strategy. He has been actively involved in the research and development of algorithmic trading strategies for over 30 years. Over the last 30 years he has worked alongside Rudolf Wolff Ltd on a number of investment strategies and structures. He has also worked closely with the Investment Adviser in London for the past 3 years. He attended The Royal Military Academy, Sandhurst in 1975 and was commissioned into the 1st Bn The Gordon Highlanders.  ABOUT INSCH KINTORE <a href="http://www.inschkintore.com/" rel="nofollow" target="_blank">http://www.inschkintore.com/</a> The Insch Kintore strategy is a fully disciplined and entirely systematic trading program that trades gold (as a currency) versus G7 currencies. The program is “trend following” in nature and fully automated in terms of trade implementation and execution. Buy and sell signals are generated from price breakouts, volatility and other proprietary signals. The strategy has achieved exceptionally attractive levels of investment performance with consistent alpha, alongside non-correlated downside deviation when compared with traditional investments. Due to the portfolio and the instrument traded (XAU/G7 as FX cross rates), Insch Kintore offers extreme transparency and liquidity. It also offers: <ul> <li>Outperformance over equity markets, fixed income markets and gold</li> <li>Real diversification from equity, fixed income and precious metals</li> <li>Crisis risk offset for a traditional portfolio</li> </ul> This best-in-class strategy won the 2016 EuroHedge Award for Best Managed Futures Performance under $500m, the 2017 CTA Intelligence Award for Long Term Performance Under $500m and the 2017 HFR Review Best Managed Futures/CTA Award. ABOUT DIGITAL DOLLAR <a href="https://digitaldollar.substack.com/" rel="ugc noopener noreferrer nofollow" target="_blank">SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com </a> For more information about our sponsor, visit <a href="https://www.youtube.com/redirect?event=video_description&amp;v=RRRKWnOG0Us&amp;redir_token=nxmJgmv2tkKAhi0GIVFEMmJF_bZ8MTU4NjQ1MTcxMkAxNTg2MzY1MzEy&amp;q=https%3A%2F%2F10xts.com" rel="ugc noopener noreferrer nofollow" target="_blank">https://10xts.com</a> <a href="https://twitter.com/go10xts" rel="ugc noopener noreferrer nofollow" target="_blank">Follow us on Twitter</a>--- Send in a voice message: <a href="https://anchor.fm/digitaldollar/message" rel="nofollow" target="_blank">https://anchor.fm/digitaldollar/message</a>

#23 Christopher Cruden, International Currency Trader in "Currency vs. Gold vs. Bitcoin - What is money anyway?"

Michael Covel

My guest today is Christopher Cruden, Cruden has been in the trend following space for over 25 years. In 1988 he became a Director of Adam, Harding and Lueck Asset Management Ltd (AHL) in London, a famed trend following shop. He is currently the head of Insch Capital Management. The topic is Trend Following. In this episode of Trend Following Radio we discuss:  Why price is an unimpeachable fact Early “lightbulb” moments that brought Cruden to the style of trading he practices today The notion of going currency only Why Cruden’s program is akin to a raincoat in bad weather Riding increased volatility and increased directional trending Getting clients to understand that you cannot force a system to make money Benchmark selection and time period selection Why the S&amp;P 500 is a trading system; performance drivers The duration of trades Why if you can’t measure it, you can’t manage it How Cruden’s strategy would change if Europe reverted back to before the introduction of the Euro How markets teach humility Why Cruden only trades once a day  Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Christopher Cruden, Cruden has been in the trend following space for over 25 years. In 1988 he became a Director of Adam, Harding and Lueck Asset Management Ltd (AHL) in London, a famed trend following shop. He is currently the head of Insch Capital Management. The topic is Trend Following. In this episode of Trend Following Radio we discuss: <ul> <li>Why price is an unimpeachable fact</li> <li>Early “lightbulb” moments that brought Cruden to the style of trading he practices today</li> <li>The notion of going currency only</li> <li>Why Cruden’s program is akin to a raincoat in bad weather</li> <li>Riding increased volatility and increased directional trending</li> <li>Getting clients to understand that you cannot force a system to make money</li> <li>Benchmark selection and time period selection</li> <li>Why the S&amp;P 500 is a trading system; performance drivers</li> <li>The duration of trades</li> <li>Why if you can’t measure it, you can’t manage it</li> <li>How Cruden’s strategy would change if Europe reverted back to before the introduction of the Euro</li> <li>How markets teach humility</li> <li>Why Cruden only trades once a day</li> </ul> Jump in! --- I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: <a href="https://www.trendfollowing.com/trend/" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/trend/</a> You can watch a free video here: <a href="https://www.trendfollowing.com/video/" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/video/</a> Can’t get enough of this episode? You can choose from my thousand plus episodes here: <a href="https://www.trendfollowing.com/podcast" rel="noopener nofollow" target="_blank">https://www.trendfollowing.com/podcast</a> My social media platforms: Twitter: <a href="https://twitter.com/covel" rel="noopener nofollow" target="_blank">@covel</a> Facebook: <a href="https://www.facebook.com/trendfollowing/" rel="noopener nofollow" target="_blank">@trendfollowing</a> LinkedIn: <a href="https://linkedin.com/in/covel/" rel="noopener nofollow" target="_blank">@covel</a> Instagram: <a href="https://www.instagram.com/mikecovel/" rel="noopener nofollow" target="_blank">@mikecovel</a> Hope you enjoy my never-ending podcast conversation!

Ep. 292: Christopher Cruden Interview with Michael Covel on Trend Following Radio