One River Asset Management
also referred to as: one river
25 statements across 3 episodes · 15 bullish · 3 bearish · 1 people on the record · first statement Apr 6, 2020 by Eric Peters · said 33 times in 9 episodes since 2020 · across every show →
Mentions by year
brought up most by Eric Peters (19), Ted Seides (14)
tap a year for its mentions
2024 15 mentions in 1 episode
2022 6 mentions in 6 episodes 1 per episode
- Diogo Monica – Securing Crypto at Anchorage Digital (EP.259, Crypto for Institutions 2, EP.06)
- Chris Dixon – Frameworks and Investing at Scale (EP.258, Crypto for Institutions 2, EP.05)
- Olaf Carlson-Wee – The Future of Crypto (EP.257, Crypto for Institutions 2 – EP.04)
- Ben Forman – Opportunities in DeFi (EP.256, Crypto for Institutions 2, EP.03)
- Stephen McKeon – NFTs and the Consumer in Web3 (EP.255, Crypto for Institutions 2, EP.02)
- Marcos Veremis – Allocator's Perspective on Blockchain (EP.254, Crypto for Institutions 2, EP.01)
- every mention in 2022, scene by scene →
2021 5 mentions in 1 episode
2020 7 mentions in 1 episode
Everything said about One River Asset Management, oldest first
Apr 6, 2020 bearish
Peters: Private equity is done and managers will emerge looking terrible
“This is the kind of thing that may make me look foolish. I think private equity is done. I think that it will always be an investment style like it has for over the course of my career. It was just LBO investing when I started, I guess now it's private equity,…”
Apr 6, 2020
Peters: Cheaper hedges that offset negative carry often blow up in dislocations
“So what inevitably happens, and this is a hugely important lesson is when people are trying to mitigate a risk, there is an expensive way to do it, which is usually sound. And there are a whole range of cheaper ways to mitigate it in ways where you offset the …”
Apr 6, 2020 neutral
Peters: Most Allocators Lack Infrastructure for Active Macro Tilting
“There was a much, much bigger group of interested investors who loved the idea of being able to tilt their portfolio with the types of themes that we developed. But when push came to shove, we looked so different that they didn't have the investment team infra…”
Apr 6, 2020 bullish
Peters: Post-COVID relative value volatility will be a target-rich environment
“And I think coming out of this crisis, it's going to be a very target rich environment for a strategy like that, because there are so few players left in it. And whenever you start dislocating markets like this, The people who can manage the risk well through …”
Apr 6, 2020 neutral
Apr 6, 2020 bullish
Peters: Trend following works because humans cannot comprehend the scale of change
“I think that we get paid to trade long-term trends because the world is always changing, and there are certain times in history it's changing more dramatically and perhaps quickly than others, but the world is always changing, and it's difficult for humans to …”
Apr 6, 2020
Peters: One River launched using fund-of-one structures for every initial client
“Every one of the clients that we had initially had a fund of one with us, and we would identify what we thought were the most important opportunities, either bullish or bearish, that we saw on the horizon, and then they could allocate to one or more of those s…”
Mar 8, 2021 bullish
Mar 8, 2021 bearish
Peters: Post-Pandemic Policy Response Marks Beginning of Major Monetary Debasement
“We've expressed views that it's highly likely that the late stage of this long economic and market and debt cycle Will lead to a large monetary debasement essentially, which by the way, if you're a market historian, that's kind of obvious that that happens. Th…”
Mar 8, 2021 bullish
Peters: One River Made Historic Institutional Crypto Entry at $15,000
“When I think about it as a trader, when we decided to get into this marketplace and made at the time, which was the biggest institutional asset allocation in the space, we wanted to figure out what were the best sources of liquidity to quietly get the exposure…”
Mar 8, 2021 bullish
Mar 8, 2021 bullish
Mar 8, 2021 negative
Mar 8, 2021 neutral
Peters: Institutional Allocations to Crypto Remain Small and Subscale
“We speak with institutions all the time and by and large, some have very small investments in the space, either through a venture deal that they did Or maybe with, there was someone at the investment team that had great foresight and said, listen, we should st…”
Dec 16, 2024 positive
Dec 16, 2024 positive
Peters: Rebalancing hedging profits during drawdowns boosts post-bear market compounding
“Even though equities are deeply discounted, but you're rotating money back into the S&P. When that market correction or bear market ends, you're now compounding from a much higher base than if you just owned equities the whole time.”
Dec 16, 2024 positive
Peters: Systematic Calendar Rebalancing Outperforms Threshold-Based Approaches
“Threshold is inferior statistically, and the probability of really getting it wrong is much higher, but people are still going to do it. I completely understand why, but if you have, in a way, if you can make the choice to do it in a dispassionate way, over ti…”
Dec 16, 2024 positive
Dec 16, 2024 positive
Dec 16, 2024 bullish
Peters: Stacking Leveraged Beta With Convexity Drives Massive Compounding Through Rebalancing
“The result of it is if you combine equity beta in a leverage way, like a portable alpha type return stacking way, with what we do at this firm, our strategies are negatively correlated, positively convex, So anytime there's a wobble in the market, what we do s…”
Dec 16, 2024 bullish
Peters: Building infrastructure to tokenize traditional assets and real-world loans
“We started building a platform which is going to be infrastructure for tokenizing essentially all traditional assets as opposed to tokens like Bitcoin or Ethereum. So taking real world assets or traditional stocks and bonds and all sorts of loans and someday a…”
Dec 16, 2024 positive
Peters: One River Only Holds Long-Volatility Positions
“We have a very purist approach, and when I'm purist, I mean, we only ever are long-fall. We never are short-fall, and the reason for that is over my career, which is now 35 years, at every cycle, I have seen people who have convinced themselves they're long-fa…”
Dec 16, 2024
Peters: Asset managers must narrow focus to scale before resuming experimentation
“When you start an asset manager, You gotta figure out what works, what makes you special, and you might have to try a number of things, and then at some point, if you're fortunate, you figure it out. So you're just surviving, which we did for a lot of years, a…”
Dec 16, 2024 bullish
Dec 16, 2024 neutral
Peters: Equities Drive 90% of Institutional Portfolio Risk
“If you look at the real risk in their portfolio, it's probably 90% driven by equities, and it comes in all sorts of different forms, private equity, public equity, credit. You end up with portfolios that there's just one risk factor, which is equities.”