The Mint Limited Fund managed to rise 20% in 1986, which also is a rather respectable showing. Hite is one of my favorite traders and favorite people. More importantly, how can his experience help translate to increasing your net worth?
- Throughout my trading career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk.
- To send flowersto the family or plant a treein memory of Lawrence S “Larry” Hite, please visit our floral store.
- Larry Hite cofounded Mint Investment Management Company and carefully grew it into the biggest and most influential commodity trading advisor firm of 1991.
- Having retired from Mint in 1994, Larry is now the managing director of Hite Captial LLC.
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Franklin County deed transfers: Nov. 27 – Dec. 3, 2022 – Echo Pilot
Franklin County deed transfers: Nov. 27 – Dec. 3, 2022.
Posted: Fri, 06 Jan 2023 08:00:00 GMT [source]
He said that he failed at blocks in kindergarten. Out of the gate, that should put his views on formal education into context. Like many rags to riches success stories, Hite grew up in the prototypical middle-class, New York-area apartment. His father owned a small business, but there were no silver spoons for his kids.
Hite is a hedge fund manager, who, along with Editor Seykota, is one of the forefathers of system trading. Lawrence D. Hite is a trailblazing investor who actively shaped the upcoming landscape of system trading as early as the 1980s. During his tenure with Mint Investment Management Company, he helped propel the commodity trading advisor to become the very first business in its discipline to report in excess of $1 billion in assets.
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If you don’t take a hard look at risk, it will take you. As of 2010, Hite partnered with International Standard Asset Management to create a multi-strategy platform of liquid hedge fund strategies as well as a fund of managed accounts. Graveside services were held Monday, Jan. 23 at Gravel Hill Baptist Church, with a reception for family and friends that followed in the church fellowship hall. Larry J. Hite, age 75, of Chase City, and formerly of Nelson died Friday, Jan. 20, 2023. He retired from Burlington Industries in Clarksville after 30 years and then continued his career with Altria Group, in Richmond, retiring in 2009.
Today we are lucky to visit with Mr. Larry Hite. Larry is an ADHD investor, trend follower and pioneer of system trading and the guaranteed fund concept. He is best known as the founder of Mint Investment Management Company. During his 13-year tenure at Mint, the composite of funds achieved a compounded annual rate of return greater than 30% before fees during that period. Hite pioneered the use of the “guaranteed fund” concept, which helped Mint become the first hedge fund to raise over $1 billion.
Larry Hite – Reflection on Markets & Life—With a Man Who’s Had Vast Financial Success
Michael W. Covelserves as President of Trend Following , a privately owned research firm. In 1996, Covel colaunched TurtleTrader.com. You have to stay supremely focused on exactly what is relevant.
He has been profiled and recognized as one of the best in the industry in numerous major international publications. 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 to Hite’s trading and risk management philosophy. So how can you become a trend following winner like Hite?
However, after several incidents caused him to question his career path, he decided to enter the world of investments as a stockbroker in 1968. 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. His writing has appeared in many publications, including the Handbook of Futures Markets, The New York Times, and Forbes.
One response to “Larry J. Hite”
However, after several incidents, he decided to become a stockbroker in 1968.
https://forexbitcoin.info/ is an entrepreneur, hedge fund manager and philanthropist. He co-founded Mint Investments in 1981, which became the largest commodity trading advisor in the world in terms of assets under management by 1990. Having retired from Mint in 1994, Larry is now the managing director of Hite Captial LLC. My guest today is Larry Hite, a hedge fund manager, who, along with those like Ed Seykota, is one of the forefathers of system trading.
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 advanced candlestick patterns are threatened in repressive societies. 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.
Products by Larry Hite
Larry Hite co-founded Mint Investments in 1981. By 1990, the company had become the largest commodity trading advisor in the world in terms of assets under management. In 1986, BusinessWeek awarded Hite its annual Best of Award. 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. Even as far back as 1986 he strongly relied on computer modeling to gain an insight on futures trading in national as well as international markets.
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. Michael Covel and Larry HiteEd Seykota and Larry HiteI made a documentary film that featured Nobel Prize winners, top traders, fund managers, and professional poker players. Some people questioned why poker players were in a film primarily about markets and the recent economic crisis. Unknown to many, there is a great connection between successfully trading and successfully playing poker. The winning traders and the winning poker players both think in terms of odds.
And read more in my book Trend Following. If it is the first time you login, a new account will be created automatically. Thank you for helping to keep the podcast database up to date. To send flowersto the family or plant a treein memory of Lawrence S “Larry” Hite, please visit our floral store. We would like to offer our sincere support to anyone coping with grief. Enter your email below for our complimentary daily grief messages.