Looking for Trends: One River Asset Management’s Eric Peters

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Dec 22, 2025

Eric Peters, leader of One River Asset Management and Coinbase Asset Management, dives into the intricacies of risk mitigation and trend following in finance. He shares his early trading lessons from the Chicago corn pit and discusses the significance of dynamic hedging and discretionary exits in investing. Eric also highlights global debt expansion as a major macro trend and delves into Bitcoin's evolving role as collateral. Finally, he envisions the future of asset management with a shift towards younger investors and the blending of DeFi with traditional markets.

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ANECDOTE

Humble Start In The Corn Pit

Eric Peters began trading his own money in the corn pit because he was told you lose less money in corn.
He spent two sobering years learning risk management and survival in the pits before moving to Wall Street.

ANECDOTE

A Year In The Mountains

Eric described climbing mountains for a year as a different form of risk management.
He then started a financial company during the dot-com era and later sold it before returning to trading.

INSIGHT

Risk Mitigation Plus Opportunism

One River focuses on risk mitigation combined with opportunistic investing across trend and long volatility.
That blend aims to improve compounding versus pure equity exposure.

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Eric Peters, who leads both One River Asset Management and Coinbase Asset Management, shares his views on risk management, trend following, and the future of finance.

This episode was recorded on December 17, 2025.

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