One River Asset Management

Eric Peters serves as founder, CEO, and Chief Investment Officer, concentrating portfolio authority in a single decision-maker. Peters previously held senior macro trading and CIO roles at major financial institutions before launching One River in 2013. The firm does not publicly disclose a formal investment committee process.

One River operates both. The firm manages discretionary global macro and systematic trend-following hedge fund strategies alongside dedicated institutional digital-asset vehicles. The digital-asset business was restructured in September 2023 to operate as an SEC-registered investment advisor, bringing it under the same institutional-grade custody and compliance framework as the traditional macro funds (per SEC filing, 2023).

Idea generation is anchored in Peters's weekly macro commentary, which functions as a transparent articulation of the firm's evolving frameworks on monetary policy, volatility, and cross-asset positioning. The process blends discretionary judgment with systematic inputs, explicitly rejecting carry-dependent models that dominated pre-2008 macro strategies.

One River has deliberately moved its digital-asset vehicles under SEC-registered advisor status, signaling an institutional approach to custody and counterparty risk that distinguishes the firm from largely unregistered crypto managers. Specific custody partners are not publicly disclosed, but the September 2023 registration (per SEC filing) implies the use of qualified custodians consistent with the Investment Advisers Act custody rule.

Public disclosures and press coverage emphasize liquid digital-asset exposure — primarily Bitcoin and Ether — rather than venture-stage crypto equity investments. The firm's institutional pivot and SEC registration in 2023 reinforce a liquid-securities and derivatives posture consistent with a hedge fund, rather than a venture capital, mandate.

Peters's widely distributed weekly macro commentary serves a dual purpose: it acts as transparent thought leadership for allocator acquisition while simultaneously functioning as a disciplined, externally accountable articulation of the firm's macro frameworks. This public rigor is unusual among hedge fund managers and may serve as both a marketing and an analytical forcing mechanism.

Governance is concentrated in founder Eric Peters, who holds the combined roles of CEO and CIO — a structure common among founder-led hedge funds but one that creates key-person risk. The firm has not publicly disclosed a succession plan or named any portfolio managers beyond Peters.