Our trading strategies all have DNA from the optimal growth theory initially developed by Kelly (1956) and LatanĂ© (1959). As shown in Thorp (1971), the so-called Kelly strategies answer the fundamental question of how much leverage an investor should and can accept – a topic sorely missing in the celebrated mean-variance model of Markowitz (1952). 

While our trading strategies are proprietary knowledge, Hilbert Capital openly shares the fundamental research taking place within the firm.


Kelly trading and market equilibrium

Kelly trading and option pricing

Leverage and risk relativity: how to beat an index