Larry Hite

From Wikipedia, the free encyclopedia
Jump to: navigation, search

Lawrence D. Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading.

Career[edit]

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. In 1990 Jack Schwager dedicated a chapter of his bestselling book, Market Wizards,[1] 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 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.[2]

In 2000, 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. Joined by former members of the original Mint team, Hite formed Hite Capital Management.[3]

In that same year, Hite 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.[4]

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.[5]

Hite founded his own charitable enterprise, The Hite Foundation, where he serves as Chairman. The foundation began with a focus on alleviating homelessness in New York, and aids scholars whose work and lives are threatened in repressive societies. 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.[6][7][8][9]

References[edit]

  1. ^ Schwager, Jack D. (1995). The New Market Wizards. page 476: Wiley; New Ed edition. ISBN 0-471-13236-5. https://books.google.com/books?vid=ISBN0471132365&id=LjivAz8xd3UC&pg=PA476
  2. ^ "Larry Hite". ZoomInfo. 
  3. ^ "Hite Capital Management, LLC: Private Company Information". Bloomberg. 
  4. ^ "Famous Traders". Forex Traders. 
  5. ^ "Famous Traders". Forex Traders. 
  6. ^ "Scholar Rescue Fund: Named Chairs". Institute of International Education. 
  7. ^ "The Hite Foundation". Foundation Center. Retrieved 13 August 2016. 
  8. ^ "Scholar Rescue in the Modern World Book Signing Event". Scholar Rescue Fund. April 21, 2010. Retrieved 13 August 2016. 
  9. ^ Mustapha, Azeez (July 15, 2015). "Larry Hite: What Can You Learn from Him?". Inside Future. Retrieved 13 August 2016. 

Further reading[edit]