Corey Ribotsky Info

In recent news with the Leukemia & Lymphoma Society, where Corey Ribotsky and the NIR Group are donors, World Cup soccer hero Landon Donovan launched a TEN day challenge.  The purpose of the challenge was to help cure cancer through donations.  All people had to do was text “GOAL” to 90999 to donate ten dollars to help children through the Leukemia & Lymphoma Society.

As Donovan explained, “I’ve always been focused on “The Goal”. That’s why I’ve joined The Leukemia & Lymphoma Society to BrighTEN the Future with a TEN day challenge to help raise money to conquer childhood cancer.”

His TEN day challenge ran from August 16-26, 2010.

In this guest post by Jan Dehn of Ashmore Investment Management, the author takes an interesting look at Sub-Saharan Africa and its dependence on western donor money for financing government deficits.  As he writes, “The consensus has been that African countries should not source non-concessional finance. But changing financial conditions among donor countries now call this consensus into question. This presents both a challenge and an opportunity.”

This is certainly an interesting new field for financial managers like Corey Ribotsky and so many others to explore.

As the author states in his conclusion, “Western donors have a role to play. They should channel their considerable experience of markets into improving Africa’s legal and regulatory market infrastructure, strengthen public debt management, and encourage the emergence of the local pension industry. Above all they should encourage and not obstruct the emergence of external markets for African debt.”

Certainly a must-read from the Intelligent Investor about the proposed cap on 12(b)1 fees.  As the article explains, “The SEC proposal—called, naturally, Rule 12(b)2—tries to tackle these problems by making commissions negotiable and by capping the distribution fees a fund can charge an investor over time. The new rule would likely take effect in 2011, after the agency considers comments from the public. ”

This will likely have an influence on fund investors and managers like Corey Ribotsky of the NIR Group and so many like him – it’s certainly worthwhile to explore these issues and to keep up on the latest news as it evolves.

This article offers a fascinating look at why one investor is taking a bullish stance.  Certainly, financial investors today, whether they are managing members of large companies like Corey Ribotsky, or just starting out in the market, can take note of such opinions.

As the author explains through very useful charts, graphs and other visuals, “At the top of my list of bullish arguments is that cash yields zero and, perhaps more importantly, it will continue to yield zero for long, long time.

At the risk of over simplification, consider the following question: What better time to buy risky assets than when asset reflation is paramount to recovery and the central bank is intent upon encouraging risky behavior?”

The Onyx and Breezy Foundation seeks to care for dogs in distress. Right now, with the hot summer months upon us, staff at the foundation are advising those who care to be extra cautious.  When scorching heat affects us, it will affect our furry friends too.  Advice from the foundation is to make sure shade and fresh water is always provided for your pets.  The best though, is to keep them inside if that is a possibility.  Corey Ribotsky is a member of the Board of Trustees of the Onyx and Breezy Foundation.

An analysis of market multiples and what they do – and don’t – indicate for the S&P 500.

The article is worth a glance – the author’s conclusion includes the following interesting opinion: “It seems at this point that my original prediction of 950 in the SPX is looking good, and that an overshoot to 900 is possible. I think we are in a long term 900-1200 band that lower growth demands, and that we are trending towards the bottom end of that range.”

Here is a fascinating look at gold mining and why this may be the up-and-coming investment opportunity.  The author concludes by stating, “In conclusion, whether we have deflation, inflation, or pick your favorite ‘flation, we ought to remember history’s record that in a credit contraction, the real price of gold increases relative to all commodities and assets. This increase in the real price of gold results in margin and profit expansion for gold miners as the spread expands between the price of gold and the cost to mine gold. Gold mining will be one of the few, if not only, sectors to enjoy this type of tailwind in the years ahead.

The last cycle’s mega fortunes were made mostly in real estate, computer technology and finance. Tomorrow’s mega fortunes will be made mostly in gold mining. Of course, the road from here to there will continue to be volatile and laden with pitfalls, but the trend remains our friend.”

On April 21, 2010, Ermenegildo Zegna marked their 100^th anniversary, and the opening of their 14^th retail store in the United States.  The cocktail reception, hosted by David Blumenfeld, chairman of the Children’s Medical Fund, benefited the Children’s Medical Fund of New York.  20% of the proceeds from the evening were earmarked for the Fund.

The cocktail reception included food from Chris Robbins of Robbins Wolfe Eventeurs.  In attendance were Corey Ribotsky, president of the CMF; Robert Ackerman, CEO and President of Ermenegildo Zegna; and Mauro Visentini, Robert Aldrich, and Jennifer Mead, all of Zegna.

Pictured here are Corey S. Ribotsky, Howard Tanney, David Blumenfeld and Todd Menowitz.

Many investors ask their fund managers about investing in gold.  Here is one straightforward and interesting answer.  This answer does not reflect the views of this blog, but it is always helpful to see and read many opinions.

Corey Ribotsky, as a supporter of Sunrise Day Camp (the camp that provides fun camp experiences for kids with cancer), is definitely someone who would understand the importance of having caring staff members work with these special kids. So when Michele Vernon joined the staff at Sunrise Day Camp, it sure made everyone, including supporters like Ribotsky, very happy. Vernon is the camp’s Executive Director and she comes to the position with over 25 years experience in camping and JCC fields.

Working with Kids with Cancer

On her appointment to the position, Vernon said, “I have a strong desire to bring the excitement and joy of a camp experience to children with cancer.” Well, this is exactly what everyone involved in the Sunrise Day Camp seeks to do, and usually does successfully. This is why someone like Corey Ribotsky got involved in the first place; to bring a bit of fun and lightheartedness into the lives of kids with cancer. And that is exactly why the camp is so successful.