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Lazurus - V6.4 8.18.16

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Transcript of Lazurus - V6.4 8.18.16

IBEX FUND
“Losing feels worse than
winning feels good.”
- Vin Scully

LOSE: $1000
LOSE: $1,000
WIN: $2,000
HEADS VS TAILS
S&P 500 ANNUAL RETURN %
annual return %
88 Year Average=
+11.4%
Impact of Missing the Best Days in the Stock Market (1974-2015)
Outcome of $10,000 Initially Invested
0
1
2
3
$800,000
$93,000
$18,000
$6,000
11.0% Annual Return
5.5% Annual Return
2.1% Annual Return
-1.2% Annual Return
Days
Source: Fama & French daily market returns
Present
10 Years
20 Years
30 Years
$60,000,000
$1,000,000
$10,000,000
$50,000,000
$5,000,000
$20,000,000
$30,000,000
$40,000,000
4%
6%
14%
The Power of Compounding
Lazarus Team
Justin B. Borus
Bear, Stearns & Co. (Private Equity & Investment Banking)
Williams College (B.A.)
Lazarus Founder
Brian T. Abrams
Row Capital (International Markets)
Bard Capital (VC & Private Equity)
Harvard University (A.B.)

Adam Eisenberg
Ari Rubin
Chris Jennings
Eliot Penn
Adam Averbach
Business Manager
& Investor Relations
Managing Director
Analyst
Controller
Managing Director
General Counsel &
Chief Compliance Officer
Linda Houlihan
Manager & CIO
President
Terms of Investment
Management Fee

Incentive Fee

High Water Mark

Lock-Up & Liquidity

Minimum Investment

Fund Administrator

Custodian

Auditor

Fund Counsel
Standard Terms
0%

0% below 10% annual hurdle, 50% on additional returns

Yes

No lock-up, liquidity up to 60 days notice

$1 million (Institutions), $500,000 (individuals)

M.G. Stover & Co.

Interactive Brokers; Citibank, N.A.

Spicer Jeffries

Bryan Cave LLP


Disclaimer Placeholder
Banana
Experiment
Rick Barry
Hold on to Losers
Sell Winners
Full transcript