Bringing you live news and features since 2006 

Librearo Mary Murphy

Hedge fund launched by former International Fund Services head opens to specialist investors


Libero Development Fund, a hedge fund launched by Mary Murphy who helped to establish International Fund Services before its acquisition by State Street, is now open to specialist investors.

Prior to the soft launch of the fund late last year, its proprietary investment strategy was only available to closed private funds with circa EUR300 million under management.
To the end of July 2016, the Libero Development Fund has achieved a YTD return of 5.07 per cent and is up 2.35 per cent since inception of the A share class in October 2015.
Murphy (pictured) says: “It has taken a period of adjustment to move, after 20 years, from the administration side of the hedge fund industry to actually establishing a hedge fund. Having seen enough investment strategies over the years, I truly feel that in the current investment climate, there is a real need for our unique investment strategy and offering.
“While we have spent the last year in a soft launch phase, we now know the strategy performs.”
The investment objective of Libero Development Fund is to achieve a return of 12 per cent net per annum for investors through private placement, European Medium Term Notes (EMTN), bonds and structured notes. All of the securities are rated investment grade or better. The buyers, for securities held within the fund, are global institutions (family offices, hedge funds and private banks), who are seeking consistently higher returns than typically available from investment grade risk investments.
Iain Cahill, chief investment officer, Libero Development Fund, says: “When Mary and I began to look at the investment landscape over three years ago, our combined objective was to create a fund that could generate strong returns, had low volatility and little or no market correlation. While this was not the easiest task to set ourselves, Libero Development Fund is achieving all of our objectives.”

Latest News

EFAMA has published its latest Monthly Statistical Release for May 2024...
Solactive writes that it has expanded its collaboration with Kiwoom Asset Management by providing the underlying indices to the KIWOOM..
MSCI has announced the launch of MSCI Private Capital Indexes, writing that with growing investor interest in private markets, high..
Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended the week at approximately USD68,150, marking a 12.1..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by