Join Rich Brennan, Jerry Parker, and Adam Havryliv for Episode 11 of Turtle Talk with special guest Sanjeev Lakhanpal, co-founder of Horizon3 Investment Management.
📊 Battle of the Trend Following Indexes – January 2026 All seven benchmarks rallied in unison. Classic Trend and BTOP50 shared the lead at +5.0%, with dispersion compressing to just 1.1%. Classic Trend surpasses 140% cumulative since January 2020 with a 15.5% CAGR.
👉 Full report: https://www.aussieturtles.com/battle-of-the-trend-following-indexes-january-2026/
📈 What's Moved the Needle Metals dominate as Jerry walks through gold, silver, platinum, palladium and tin — including the brutal end-of-January sell-off. A passionate debate on vol-weighting vs loose pants, why cutting winners to improve Sharpe is a trap, and why one trade doesn't define a system. Adam brings cocoa's bear trend and Bitcoin's breakdown. Mulvaney's extraordinary January (+26%, reportedly 72% intra-month) sparks a discussion on convexity and why you can't replicate his CAGR by leveraging a smooth equity curve.
🎙 Spotlight – Sanjeev Lakhanpal (Horizon3 Investment Management) Sanj shares his journey from physics to AHL's trading desk running billions, working with David Beach — "the greatest trader no one's written a book about" — and the six-year quest to automate Beach's pattern recognition. He explains how Digital Signal Processing extracts diversified signals from price data and then reveals Horizon3's new FX Swap Arbitrage program: a market-neutral strategy exploiting structural swap rate differentials between brokers, averaging over 2% monthly with no losing months. He explains why the opportunity won't be arbitraged away and how it creates a 20-25% return cushion beneath the CTA.
Contact Sanj: sanj@h3im.com | www.h3im.com
📬 Shell Mail Two questions from Lee: handling opposing signals under US FIFO rules (net at the portfolio level), and managing multi-currency balances as a global investor — including Adam's advice: go live where your profits are.
📘 The Fractals of Finance Rich shares why he wrote this book — a lifetime searching for certainty, finding trend following, and discovering the geometry beneath markets. With a foreword by Jerry Parker. Available in Kindle, paperback, and hardcover.
👉 Amazon: https://www.amazon.com/dp/B0GHTH1WNK
🌐 Resources Report: https://www.aussieturtles.com/battle-of-the-trend-following-indexes-january-2026/ Horizon3: www.h3im.com | sanj@h3im.com Book: https://www.amazon.com/dp/B0GHTH1WNK Questions: https://www.aussieturtles.com/contact
Stay systematic. Stay patient. And may the trend be with you.
