Lawrence D. Hite is a hedge fund manager who, along with Ed Seykota, is one of the forefathers of system trading.
[citation needed] In 1990, Jack Schwager dedicated a chapter of his bestselling book, Market Wizards,[4] 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.
The foundation began with a focus on alleviating homelessness in New York, and aids scholars whose work and lives are threatened in repressive societies.