Corey Ribotsky Info

For those in the hedge fund industry like Corey Ribotsky, the LSE Alternative Investments Conference was the right venue to learn more this week. Conducted by the LSE SU Alternative Investments Society, the full day conference on January 23rd included a line-up to rival any. Keynotes were given by Gillian Tett, Peter Clarke and Randall Dillard. In the afternoon, four top global macro managers judged the LSE AIC Best Trade Idea Segment.

January 24th was then the Private Equity Day and focused on global macroeconomic environment issues with the keynote by Glenn Hutchins. The day was filled with discussions from Lord Stanley Fink, David Novak, Vindi Banga, High Langmuir and others. In the afternoon, they showcased two interactive segments. One, entitled “Behind the Blue” included Willy Burkhardt.

A recent article with Reuters is certainly worth paying attention to for hedge fund managers like Corey Ribotsky. Natixis Global Asset Management, in a recent poll of 800 people in the UK, found that 80% of people believe that taking on extra risk is not a good idea now.

Many believe, instead, placed stability as their number one priority. Many financial leaders, however, worry that people will squander away potential opportunities.

As John Hailer, president and CEO of Natixis Global Asset Management in the U.S. and Asia explained, “The pendulum may have swung too far in terms of risk aversion, causing individual investors to shun investment options that are designed to grow portfolios while minimising risk in volatile environments.”

Ali Akay, a former trader with Steven Cohen’s SAC Capital Advisors, is now launching a hedge fund for emerging-markets which may be worthwhile for hedge fund leaders like Corey Ribotsky to keep their eyes on. He has raised $200 million to do so. The fund expects to soft close at about $500 million in early 2012, according to a source close to the situation.

Prior to starting Carrhae, Akay worked at SAC, which is a $14 billion Stamford, Connecticut-based hedge fund that was founded by billionaire Steven Cohen. Learn more about this venture.

It’s always good to volunteer somewhere. It’s a great way of giving back and – at the same time – really feeling good about yourself as you are doing something so useful.  That is what Corey Ribotsky does in his involvement in the Leukemia & Lymphoma Society (LLS).
Recent news from the LLS was their Light The Night Walk, which took place nationwide and does so each fall.  It is a way for those involved in the organization to make money for those fighting blood cancers.  Individuals and corporations come together to enjoy good “food, live music and entertainment.”  At the end of the day as night descends, the Walk starts and the night is enlightened with walkers carrying gold, red and white balloons in “honor of cancer survivors and those who have lost their battle.”
What’s also great about engaging in the important work of the LLS – apart from the obvious – is that business leaders can actually use it as a way to “positively impact their companies” as was explained by those running the show.

In recent news for The Leukemia & Lymphoma Society, which the NIR Group and Corey Ribotsky contribute to, award-winning actor Michael C. Hall was just named the lead Ambassador for the 2011 Light the Night Walks.  This event is intended to raise money for high-impact cancer research and essential patient services.

Hall is appearing in a new public service announcement campaign that it entitled “Walk As If Your Life Depended on It” which is produced and directed by filmmaker Jesse Dylan.  Hall shares his own personal experience with Hodgkin lymphoma.

As Hall explained, “The Leukemia & Lymphoma Society pours a tremendous amount of money directly into cutting-edge cancer research - research that I’ve certainly benefited from. It’s an organization that you can be confident is at the forefront of moving things forward.”

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.”

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.”