Interview: Larry Hite, president of Isam USA

Larry Hite, winner of the lifetime achievement award at the Hedge Funds Review Americas Awards 2012, has inspired a generation of commodity trading advisers (CTAs) and systematic hedge fund managers.

Ask Larry Hite how he became the most successful commodity trader of his generation and he will say it is because he always expected to fail.

In his early years Hite stumbled in almost every endeavour before finding his calling as a trader and money manager.

As a young man growing up in Brooklyn, he struggled in the classroom and was not much of an athlete. After college he tried his hand as an actor, screenwriter and rock promoter before eventually drifting into the world of investments.

Hite says