Career
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.
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 Manitoba 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 in commodity trading, 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.
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 serves 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. Szala, Ginger (March 1989).
"Making a Mint: how a scientist, statistician and businessman mixed".
Futures magazine. Retrieved 2006-2008-23. Szala, Ginger; Glenn Dubin.
Larry Hite. Et al. (July 1989). "Managed money in the 1990s: rules key to growth".
Futures magazine. Retrieved 2006-2008-23.
Rosenbaum, Amy (March 1991). "Up-down regulation: too many peaks and valleys?". Futures magazine. Retrieved 2006-2008-23.
Krueger, Diane (October 2000).
"Europe primed for growth". Futures magazine. Retrieved 2006-2008-23.