Larry Hite

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Lawrence D. Hite is a hedge fund manager,[1] who, along with Ed Seykota, is one of the forefathers of system trading. In 1986, BusinessWeek awarded Hite its annual Best of Award. [2]

Career[edit]

Lawrence Hite co-founded Mint Investments in 1981. By 1990, Mint had become the largest Commodity Trading Advisor in the world in terms of assets under management. Mint’s achievements won Hite and his team industry wide acclaim, and in 1990 Jack Schwager dedicated a chapter of his bestselling book, Market Wizards,[3] to Hite's trading and risk management philosophy. In 1990, he began adding systematic trading of equity markets to the Mint managed futures portfolio.

During this time, Hite also formed a partnership with the Man Group and pioneered the principal protected fund concept, leading to a number of successful structured products and financial engineering innovations.

In 2000, after more than three decades of success, Hite chose to focus on his family office activities, which included proprietary trading and the funding of continued research and development in the field of systematic trading, his lifelong passion. Joined by former members of the original Mint team, Hite formed Hite Capital Management.

In that same year, Hite also became a principal investor and chairman of Metropolitan Venture Partners, a venture capital firm specializing in technology-based firms. He maintains that position to date.

As of 2010, Hite partnered with International Standard Asset Management (ISAM) to create a multi-strategy platform of liquid hedge fund strategies as well as a fund of managed accounts.

Throughout his career, Hite has been an active participant in numerous philanthropic organizations, and following his early success at Mint, he founded his own charitable enterprise, The Hite Foundation, where he continues to act as Chairman. Additionally, he serves as Chairman of the Development Committee for the Institute of International Education’s Scholar Rescue Fund, whose goal is to provide safe haven for academics and professionals who are at risk throughout the world.

Notes[edit]

  1. ^ Larry Hite search. FT.com.
  2. ^ THE BEST OF 1986. Business Week. December 29, 1986.
  3. ^ Schwager, Jack D. (1995). The New Market Wizards. page 476: Wiley; New Ed edition. ISBN 0-471-13236-5. http://books.google.co.uk/books?vid=ISBN0471132365&id=LjivAz8xd3UC&pg=PA476&lpg=PA476&dq=%22Larry+Hite%22&sig=0-d9vpVP2r99KKikhXhKKWIGHmE.

References[edit]

Magazines[edit]

Szala, Ginger (March 1989). "Making a Mint: how a scientist, statistician and businessman mixed". Futures magazine. Retrieved 2006-08-23. 

Szala, Ginger; Glenn Dubin, Larry Hite et al. (July 1989). "Managed money in the 1990s: rules key to growth". Futures magazine. Retrieved 2006-08-23. 

Rosenbaum, Amy (March 1991). "Up-down regulation: too many peaks and valleys?". Futures magazine. Retrieved 2006-08-23. 

Krueger, Diane (October 2000). "Europe primed for growth". Futures magazine. Retrieved 2006-08-23. 

Books[edit]

Covel, Michael W. (2009). Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets. FT Press. ISBN 0-13-702018-X. 

Schwager, Jack D. (1995). The New Market Wizards. Wiley; New Ed edition. p. 476. ISBN 0-471-13236-5. 

Nagy, Andras M. (2006). Retire Worry Free. Murine Press. pp. 89, 96. ISBN 0-9753093-1-5. 

Steenbarger, Brett N (2003). The Psychology of Trading. John Wiley & Sons. p. 18. ISBN 0-471-26761-9. 

Vaga, Tonis (1994). Profiting from Chaos. Mcgraw-Hill. p. 124. ISBN 0-07-066786-1. 

Davidson, Alexander (2002). The 10-week Flexible Investment Plan. Kogan Page Ltd. p. 174. ISBN 0-7494-3885-1. 

Kroll, Stanley; Paulenoff, Michael J. (1992). The Irwin Guide to the Futures Markets. Chapter: McGraw-Hill Trade. ISBN 1-55623-625-5. 

Further reading[edit]