EP #23 Christopher Cruden, International Currency Trader in "Currency vs. Gold vs. Bitcoin - What is money anyway?
Excited to finally get this episode published! I became acquainted with Christopher because his father, Dr. Chris Cruden, was an early mentor of mine in my career. Dr. Cruden was part of a small group in the early 90’s called “Quality Dayton”.
QD was comprised of business and engineering folks in and around the Dayton, Ohio, area (which means Wright-Patt AFB types of people as well) who were focused on the emergent topic of “TQM, or total quality management” — better known today as “continuous improvement” or “lean”.
Dr. Cruden and his partner, former WPAFB “analyst”, Stu Cart were my first introduction to W. Edwards Deming. As a young guy, I couldn’t have possibly appreciated what this meant until much later on. So I will always be grateful for Dr. Cruden’s mentorship.
So anyway — Dr. Cruden’s son, Christopher, was already on his way to global fame as one of the most recognized currency trading desk managers in the world. His day job consists of creating phenomenal returns for investors through his strategy of hedging the G7 currencies against gold — and he’s literally one of the top experts globally.
With all the discussion about monetary policy, value, digital central bank currency, Bitcoin, asset-backed vs. debt backed, etc… it made a heck of a lot of sense to tap his firepower and wisdom.
Listen in on this monster of a discussion…
Chat again soon!
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 & 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
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.