TTU58: Having the Discipline to Stay The Course ft. Chris Cruden of Insch Capital Management
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 15 January 2015
⏱️ 36 minutes
🧾️ Download transcript
Summary
Our next Year-in-Review conversation comes from a manager who considers 2014 to have been a disappointing year for his firm. As a trend follower in the currency markets, Chris has unique insights into what shaped 2014 and how the next couple of years look for his industry. He also shares the importance of having discipline and sticking to your systematic models, which builds investor confidence.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In This Episode, You’ll Learn:
- Why the year was a disappointment for Insch Capital.
- As a currency trader, how he differs from firms that trade different markets.
- How the carry trade has all but disappeared.
- How he reacted to world events in his business.
- Why he is very proud that Insch stayed the course over 2014.
- What he thinks of the emerging currencies.
- How his investors felt about 2014.
- Why he is hopeful for more divergence in the years to come.
- How Chris will try and avoid a repeat of the 2008-2009 inflow of capital to the industry.
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Resources & Links Mentioned in this Episode:
Listen to 2 hour-long conversations with Chris Cruden on Top Traders Unplugged here and 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 info@toptradersunplugged.com
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.
Follow Chris Cruden on Linkedin.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | One of the things we would pat ourselves on the back for is to continue to do what we represent we're going to do. |
| 0:11.0 | And that's very, very, very hard. It's actually quite draining in many ways to come in and see a down day after down day or admittedly there's small down days, |
| 0:21.5 | but the cumulative effect can be hard. We can pat ourselves on the back because we did have |
| 0:26.7 | what it takes to continue. Hello, this is Christopher Cruden from Inch Capital Management |
| 0:36.6 | based in Lugano, Switzerland. |
| 0:38.3 | I'm the CEO of the company, and you're about to hear my end of year review on Top Traders Unplugged. |
| 0:44.7 | Imagine spending an hour with the world's greatest traders. |
| 0:48.3 | Imagine learning from their experiences, their successes, and their failures. |
| 0:52.8 | Imagine no more. |
| 1:16.9 | 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. Here's your host, veteran hedge fund manager, Niels Kastrop Larson. Welcome back, Chris, for this review of 2014, where we look at the big events from the |
| 1:22.6 | point of view of your trading strategies. I want to explore both the ups and the downs, |
| 1:29.0 | as well as the big takeaways from what can only be described |
| 1:31.9 | as a great year for systematic trading strategies in general. |
| 1:36.3 | But as we know, just because you're systematic |
| 1:38.5 | in your trading, it doesn't mean necessarily |
| 1:40.7 | that your strategy deals with the market events |
| 1:43.5 | in a similar way. |
| 1:45.0 | But I want to just jump right into it, Chris. |
| 1:47.0 | So tell me a little bit about 2014 from your perspective. |
| 1:51.0 | How did the year evolve for your firm and for your strategies? |
| 1:55.0 | Well, for the strategy and for the currency program, |
| 1:59.0 | it was undoubtedly a disappointment. |
... |
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