Capital Allocators – Inside the Institutional Investment Industry [REPLAY] Eric Peters – Trading and Evolution at One River (First Meeting, EP.18)
31 snips
Dec 16, 2024 Eric Peters, Founder and CIO of One River Asset Management, shares his journey from trader to fund manager and the lessons learned along the way. He discusses the sobering realities of the current market landscape, including the challenges of private equity and asset allocation. Eric highlights the importance of effective risk management, especially during crises, and dives into the intricacies of volatility and thematic macro strategies. His engaging 'Weekend Notes' also serve as a unique lens into market complexities, showcasing his insightful anecdotes and macro wisdom.
AI Snips
Chapters
Transcript
Episode notes
Early Trading Exposure
- Eric Peters witnessed a grain trader lose a year's worth of college tuition in a single afternoon.
- This experience sparked Peters' interest in trading, highlighting the role of process and random outcomes.
A Close Call in Wheat
- Peters recalls a harrowing experience where he overtraded wheat and faced potential bankruptcy.
- A prank by his roommate taught him a valuable lesson about risk management and emotional control in trading.
Career Progression
- Peters transitioned from pit trading to Lehman Brothers, then to London during the ERM crisis.
- This launched his prop trading career, followed by mountain climbing and starting a financial firm.