Larry Hite

Lawrence D. Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading. He is the author of the book, The Rule, which was named a Wall Street Journal, LA Times, and Porchlight Books bestseller.

Lawrence D. Hite
OccupationHedge Fund Manager

Early life and education

During college Hite was a rock music promoter, as well as an occasional actor and screenwriter, but eventually became serious about staying in the music business. However, after several incidents, he decided to become a stockbroker in 1968.[1]

Career

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,[2] to Hite's trading and risk management philosophy. In the same year, Hite began adding systematic trading of equity markets to the Mint managed futures portfolio. During this time, he 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 1994, he retired from his role as hands-on fund manager at Mint. Since that time he maintained the position of managing director of Hite Capital LLC.

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 North America region[4] of Metropolitan Venture Partners, a venture capital firm specializing in technology-based firms. He maintains that position to date.[5]

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.[6]

Philanthropy

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. The committee's goal is to provide a safe haven for academics and professionals who are at risk throughout the world.[7][8][9][10]

Books authored
  • The Rule: How I Beat the Odds in the Markets and in Life--And How You Can Too (McGraw-Hill Education, 2019). ISBN 9781-2604-52655
gollark: No. TJ08 did it.
gollark: ...?
gollark: I should really go to sleep, but they might answer any minute with some other terrible excuse...
gollark: Wait, there are two?
gollark: If you disagree with what they say, you are clearly an evil viewbomber who ignores the rules.

References
  1. "Larry Hite, Trend Follower, Profiled in The Market Wizards - TurtleTrader® The Original from Michael Covel". TurtleTrader® The Original from Michael Covel. Retrieved 2017-07-17.
  2. Schwager, Jack D. (1995). The New Market Wizards page 476: Wiley; New Ed edition. ISBN 0-471-13236-5.
  3. "Hite Capital Management, LLC: Private Company Information". Bloomberg.
  4. "Bloomberg". Retrieved 28 November 2016.
  5. "Famous Traders". Forex Traders.
  6. "Famous Traders". Forex Traders.
  7. "Scholar Rescue Fund: Named Chairs". Institute of International Education. Archived from the original on 2015-11-12. Retrieved 2015-10-17.
  8. "The Hite Foundation". Foundation Center. Retrieved 13 August 2016.
  9. "Scholar Rescue in the Modern World Book Signing Event". Scholar Rescue Fund. April 21, 2010. Retrieved 13 August 2016.
  10. Mustapha, Azeez (July 15, 2015). "Larry Hite: What Can You Learn from Him?". Inside Future. Retrieved 13 August 2016.

Further reading


[1]

  1. The Rule: How I beat the odds in the markets and in life - and how you can too, by Larry Hite 2019 p.5
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.