Segregated managed accounts
Libra manages the portfolio while the client retains ownership of the account assets.
Two ways to invest
Two implementation formats. Two complementary investment engines. Clients access Libra-managed strategies through one of two structures.
Investment note
Access a Libra-managed strategy through an investment structure issued by an independent third party.
OUR PROCESS
A structured process from mandate to implementation
01
Mandate definition
Define objectives, risk capacity, liquidity, restrictions and reporting needs.
02
Structure and custody
Select the appropriate structure and approved counterparties.
03
Portfolio architecture
Define exposures, systematic components and aggregate risk budgets.
04
Documentation and authorization
Execute agreements and permissions before implementation.
05
Implementation and monitoring
Monitor positions, risk, data, margin, collateral and exceptions.
Designed to protect control over your wealth
Dual regulatory framework
Libra is registered as a Florida investment adviser and as a commodity trading advisor with the CFTC, and is an NFA Member.
Mandate-driven design
Objectives, risk budgets, eligible instruments, liquidity and implementation constraints are defined before a portfolio is built.
Independent custody
In segregated accounts, assets are held in the client's name at a qualified third-party custodian.
Systematic infrastructure
Research, validation, portfolio construction, execution and monitoring operate as a documented, repeatable process.
The team behind your investments
Leadership in investment, technology and risk
Mariano Crespo
Founder & Chief Executive Officer
Mariano Crespo is the Founder and Chief Executive Officer of Libra Investment Advisors. He leads the firm’s investment research, portfolio architecture and product strategy, with a focus on integrating strategic public-market exposures, rules-based futures strategies and technology-enabled investment processes. His background spans more than a decade in quantitative research, financial-market systems and investment-product development.
Roberto Pérez Vieira
Co-Founder & Chief Technology Officer
Roberto Pérez Vieira leads Libra's investment-systems architecture, data infrastructure, deployment and production reliability. His background spans software development and DevOps, supporting secure and scalable workflows for research, portfolio management, execution monitoring and operational control.
Andrés S. Trujillo
Senior Advisor
Andrés S. Trujillo is an economist who holds a master’s degree in Finance and is a Chartered Market Technician (CMT) and Chartered Alternative Investment Analyst (CAIA). He contributes market research, portfolio analysis and risk oversight, drawing on experience as an analyst, risk controller, portfolio manager and university professor.
FAQs
Frequently Asked Questions
Libra manages investment portfolios for private and institutional clients. A mandate may combine a strategic public-markets component, built primarily with U.S.-listed ETFs and selected U.S. equities, with a rules-based futures component focused on selected liquid markets. Libra uses technology to support research, validation, portfolio construction, implementation monitoring and risk controls.
Eligible clients may work with Libra through a segregated managed account or, where permitted, through a third-party-issued investment note. In a managed account, the client owns the account assets. In a note, the investor owns a security issued by a third party. Availability depends on jurisdiction, investor eligibility, custodian or bank acceptance and the governing documents.
The client opens a brokerage account in their own name at an approved qualified custodian. The custodian holds the assets, handles deposits and withdrawals, and sends account statements directly to the client. Under a written advisory agreement, Libra receives limited authority to manage the approved investments. The client retains ownership and control of the account.
Depending on the mandate and account permissions, Libra may manage U.S.-listed ETFs, selected U.S. equities, fixed-income instruments, cash and rules-based futures strategies. The public-markets component is generally designed as the portfolio's longer-term strategic core. The futures component may take long or short positions and adjust exposure under documented risk controls.
Not necessarily. When the account or product structure permits, both components may be implemented together. When securities and futures permissions or agreements require separation, they may be managed through coordinated sleeves or accounts. Libra evaluates their combined exposure, liquidity, margin and risk as part of the overall portfolio architecture.
The allocation is based on the client's objectives, risk tolerance, liquidity needs, investment horizon, restrictions and account permissions. A lower risk budget will generally permit less leverage, concentration and futures exposure, but the appropriate mix depends on the complete portfolio and governing mandate. No allocation eliminates the risk of loss.
Rules-based models generate entries, exits and position sizes in selected liquid, exchange-traded futures, focused primarily on U.S. equity indices, U.S. Treasury and interest-rate markets, and selected currencies. Strategies may hold long or short exposures or reduce exposure, subject to documented limits for leverage, concentration, margin, liquidity and drawdown. Futures involve substantial risk and are not suitable for every investor.
It is a security issued by an independent third party that provides exposure to a Libra-managed strategy. The investor owns the note, not the issuer's underlying portfolio account. Libra is the portfolio manager and is not the issuer, custodian, distributor or guarantor. The investor is exposed to the issuer, and the final offering documents control eligibility, rights, liquidity, valuation, fees and risks.
Where permitted and supported by the financial institution, an eligible investor may purchase and hold the note through an existing bank or investment account. Availability depends on the institution, jurisdiction, investor eligibility, selling restrictions and final offering documents. Holding the note at a bank does not make it a bank deposit or make it FDIC insured.
Fees vary by mandate and access structure. Advisory fees, performance-based fees where applicable and permitted, and product-level expenses are disclosed in the advisory agreement, Form ADV or final offering documents before the client enters the relationship or purchases a note.