Ibs Capital LLC

IBS Capital LLC, established in 2007, is a Massachusetts-based firm specializing in investment management. The firm's primary focus is on generating superior, long-term returns through the purchase and sale of securities with limited downside risk and substantial appreciation potential. Managed by David A. Taft, IBS offers three funds: The IBS Turnaround Fund (QP), The IBS Turnaround Fund, L.P., and The IBS Opportunity Fund. The minimum investment is $1,000,000 for the Turnaround Funds and $500,000 for the Opportunity Fund, with investments managed on a discretionary basis. Clients have the right to redeem their investments after an initial one-year lockup period. IBS charges a 1.5% annual management fee and earns a performance share of twenty percent of the appreciation, subject to a high water mark. The firm's investment strategy focuses on event-driven distressed, defaulted, and deeply discounted assets, aiming to minimize downside risk while maximizing long-term returns. IBS's investment philosophy emphasizes long-term orientation, risk aversion, and value-oriented investing. Clients include accredited individuals, family offices, corporations, investment funds, and institutional investors. The firm's investment methodology involves identifying specific events that can enhance the value of investments and carefully weighing the probability of downside loss against potential gains. The firm's investment strategies encompass various types of securities, including bonds, convertible securities, foreign investments, warrants, and rights. IBS employs a Code of Ethics to ensure fiduciary duties are met and limits personal trading activities to avoid conflicts of interest. The firm provides continuous portfolio reviews, audited financial statements, and quarterly reports to investors. Clients do not have voting rights on proxies held by the Funds, and IBS votes proxies in the best interests of the Funds.