Libra

Investment engineering for complex markets.

Libra manages investment portfolios for private and institutional clients. Portfolios 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 liquid equity-index, U.S. Treasury and interest-rate, and selected currency markets.

The allocation between the two components is determined by each mandate's objectives, risk profile, liquidity needs and implementation constraints. Clients may work with Libra through a segregated managed account opened in their own name or, when eligible, through a third-party-issued investment note that may be held at a participating bank or investment account.

SOLUTIONS

Solutions

Two ways to work with Libra. Two complementary investment components. Clients may choose a managed account held in their own name or, when eligible, an investment note issued by an independent third party. Depending on the mandate and legal structure, Libra may combine a strategic public-markets component with a systematic futures component.

EXPLORE SOLUTIONS

Segregated managed accounts

A brokerage account opened in the client's name at an approved third-party custodian. The custodian holds the assets, processes deposits and withdrawals, and provides account statements. Under a written advisory agreement, Libra receives limited authority to trade only within the agreed mandate; the client retains ownership and control of the account.

Third-party-issued investment notes

A security issued by an independent third party that gives an eligible investor exposure to a Libra-managed strategy. Where permitted and supported by the investor's financial institution, the note may be purchased and held through an existing bank or investment account. The investor owns the note, not the issuer's underlying portfolio account, and is exposed to the issuer and the risks stated in the offering documents. Libra acts as portfolio manager and is not the issuer, custodian or guarantor.

Strategic public markets

The portfolio's long-term core is built primarily with U.S.-listed ETFs and selected U.S. equities, with fixed-income instruments and cash used where appropriate. Public filings and manager holdings may inform the research, but Libra evaluates every position independently. Selection considers the position's intended role, liquidity, cost and contribution to total portfolio risk.

Systematic futures

Rules-based models may take long or short positions in highly liquid, exchange-traded futures, focused primarily on U.S. equity indices, U.S. Treasury and interest-rate markets, and selected currencies. Entry, exit, position sizing, leverage, concentration, margin and drawdown limits follow documented controls. The strategy may also reduce exposure when conditions do not support a position.

Built for clarity, control and independent custody

Securities and futures advisory

Libra's investment-adviser registration covers securities advisory services. Its commodity trading advisor registration covers advice involving commodity interests, including futures. The applicable agreement determines which services and instruments a client receives.

Risk defined before implementation

Objectives, risk tolerance, liquidity needs, eligible instruments, restrictions and reporting expectations are documented before the portfolio is implemented.

Independent custody

In a segregated account, assets remain in the client's name at a qualified third-party custodian. The custodian maintains the account, handles cash movements and sends statements directly to the client; Libra's authority is limited to the written mandate and account permissions.

Systematic infrastructure

Technology supports data collection, quantitative research, statistical validation, portfolio construction, implementation monitoring and risk controls through a documented, repeatable process. Technology does not eliminate investment risk.

Firm

Leadership across investment,
technology and risk

Mariano Crespo portrait

Mariano Crespo

Founder & Chief Executive Officer

Mariano Crespo is the Founder and Chief Executive Officer of Libra Investment Advisors. He leads investment research, portfolio architecture and product development across public securities and exchange-traded derivatives. An industrial engineer with an MBA focused on finance, Mariano has more than a decade of experience building quantitative research systems, systematic investment strategies and technology-enabled financial products.

Roberto Pérez Vieira portrait

Roberto Pérez Vieira

Co-Founder & Chief Technology Officer

Roberto Pérez Vieira is Co-Founder and Chief Technology Officer of Libra Investment Advisors. He leads the design and operation of the firm's data, research and investment-systems infrastructure. His work supports model validation, portfolio workflows, implementation monitoring, production reliability and operational controls.

Andrés S. Trujillo portrait

Andrés S. Trujillo

Senior Advisor

Andrés S. Trujillo is an economist with a master's degree in Finance and holds the Chartered Market Technician (CMT) and Chartered Alternative Investment Analyst (CAIA) designations. He advises Libra on 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.
Public regulatory filings and disclosed holdings of selected investment managers may be used as research inputs. Libra evaluates each security independently for portfolio fit, valuation, liquidity and risk. The portfolio does not copy another manager in real time, and the prior results of any referenced manager are not the results of Libra's portfolio.
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.
Protection depends on the custodian, legal entity, account type and assets. A securities account at a SIPC-member broker may be eligible for SIPC protection if the broker fails and client assets are missing, subject to SIPC rules and limits. SIPC does not protect market losses and generally does not protect commodity futures. FDIC insurance applies only to qualifying bank deposits or eligible bank-deposit sweep balances. It does not cover ETFs, stocks, bonds, futures, notes or investment losses. Review the custodian's disclosures for the specific account.
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.
Libra's Florida investment-adviser registration can be reviewed through IAPD under CRD 333647. Its commodity trading advisor and membership information can be reviewed through NFA BASIC under NFA ID 0577422. Mariano Crespo's Investment Adviser Representative record can be reviewed under CRD 7996290. Registration or membership does not imply endorsement, approval or a guarantee of performance.
IAPD: Libra, CRD 333647 NFA BASIC: ID 0577422 IAPD: Mariano Crespo, CRD 7996290