Corey Ribotsky Info

At the NIR Group, Corey Ribotsky works with Yoel Goldfeder, General Counsel.  Goldfeder is a specialist in reverse mergers and PIPE transactions and has also been involved in corporate financing, joint ventures and acquisitions.  Before his time at the NIR Group with Corey Ribotsky, Goldfeder served as a “member of the corporate and securities department of Sichenzia, Ross, Friedman, Ference LLP one of the most active PIPE issuer law firms in the United States.”

He graduated Georgetown University Law Center with a Juris Doctorate and also earned a CALI award there.  As well he has a BA in Accounting and a BS in Political Science, both from Brooklyn College.

Clearly therefore, just the profile of one of his colleagues at the NIR Group shows how Corey Ribotsky is privileged to work with a great team of experienced individuals, experts in their field.

In 2010, the NIR Group was one of the East Williston Little League Team sponsors.  For those in the neighborhood who are looking for some additional guidance in establishing a practice, or funky ideas for drills to keep the kids on the move while developing baseball skills, the upcoming Coaches Clinic from the Little League could be just the ticket.  This hour and a half program will be led by two former collegiate players with over two decades of coaching experience to turn anyone into a top player while having fun.  Corey Ribotsky is the Managing Member of the NIR Group.

According to the CEO (and founder) of Barclay Hedge Sol Waksman, European and American equity funds have “continued to rally for a fifth consecutive month.”  Indeed, a staggering 14 (out of 18) of Barclay’s hedge fund indices increased in January 2011 and the Barclay Fund of Funds Index gained 0.27 percent during the same time frame.  As well, there is evidence that the general macro-economic situation is improving.  Waksman added, “in developing nations where prices for energy and food make up a larger percentage of monthly expenditures, inflation concerns negatively impacted equity markets.”

Under the leadership of Corey Ribotsky, Barclay Hedge named N.I.R. a “top hedge fund” in America between 2006-07 when N.I.R. achieved an unparalleled 12-month compound annual return of 20.68%.

Head of the NIR Group, Corey Ribotsky is no stranger to investing in small companies or those that are encountering problems.  The company is very focused on “extensive risk management” to ensure the best results for their clients.  But what does risk management actually mean and how do companies put this theory into practice?

When a company like the NIR Group works with clients utilizing this theory it has to first undertake a thorough analysis of the risk involved and thereafter work out how to apply its available resources to limit (or maybe even – at best case scenario – totally eliminate) unwanted events.  Or – in a more positive vein – risk management can be used for the good, to maximize potential opportunities in business.

There are various different risk management strategies including the most obvious one, avoiding the risk completely.  But since there are different levels, a company may choose to select different strategies at different times or for different companies’ needs.  One can try to move the risk to a different party or limit the negative effect that the risk might have.

Corey Ribotsky is the managing member and the head portfolio manager of the NIR Group in Roslyn, New York, a unique investment firm. The NIR Group, along with its principles are investors in its strategies. The philosophy behind this practice is that when the principals invest alongside their partners, confidence is shown in the Group’s ability to create higher than average returns while maintaining the lowest possible risk.

The NIR Group established its first direct investment fund about 12 years ago, in 1999. Since then investors from a large range of financial sectors have flocked to our funds, including high-asset individuals, pension funds, family offices, funds of funds, foundations and endowments.

The NIR Group where Corey Ribotsky is the managing partner is involved in several organizations in the New York/Long Island area which benefit the community. One of these charitable endeavors is the Children’s Medical Fund of New York. The CMFNY is a not-for-profit organization which utilizes the work of volunteers from the community to raise money in support of the Steven and Alexandra Cohen Children’s Medical Center of New York.

In recent years the world economy has been in crisis, and for hedge funds the financial markets have been especially stressful. But according to an article which appeared in Barron’s, the prestigious journal of financial news, Corey Ribotsky’s N.I.R. Group passed this international stress test with flying colors.

The Barron’s article explains that investments in hedge funds reached a high value of $1.9 trillion, but by the end of 2008 were valued overall at $1.4 trillion, dropping to about $1 trillion by the middle of 2009.

Yet despite these distressing statistics some members of the 2009 Barron’s Hedge Fund 100 got through the crisis in surprisingly good shape. As Barron’s put it, despite the bad financial environment “…the accomplishments of members of this year’s Barron’s Hedge Fund 100 are all the more impressive. Unlike the mutual-fund arena, there actually were many hedge funds that posted double-digit gains in 2008, giving them a stellar three-year performance.”

According to the Barron’s list of top 100 hedge funds for 2008, AJW Offshore II, one of Corey Ribotsky’s N.I.R. Group funds, ranked 48th, with double-digit returns for both the one year and three-year annualized returns. Certainly an outstanding performance during a difficult financial climate.

This is a video which lends a deeper understanding of the “Child Life” program. This program was initiated by the Children’s Medical Fund of New York, where Corey Ribotsky serves as president.

Sunrise Day Camp is a day camp supported by the NIR Group, with Corey Ribotsky, among many others, for children with cancer and their siblings. It works to meet the emotional, recreational, psychological, social and physical needs of these children, while enabling them to feel safe and comfortable in the own homes every night.

The ING New York City Marathon will take place on Sunday, November 7^th. This is one of the world’s biggest road races, with more than 100,000 applicants every year.  Lisa McKinnon, Caryn Tiger-Paillex and James Irish will be participating in the marathon on behalf of Sunrise Day Camp this year.

Since 1998, the NIR Group Family of Funds has been providing investors with alternative investment strategies.  They focus on strategies that mitigate risk and that produce returns in all market environments.  Along with their Head Portfolio Manager and Managing Member Corey Ribotsky, the NIR Group is run by other highly trained and competent people.

Howard Tanney is the Managing Director of the NIR Group.  He has been trading commodities since 1983 and is a member of the New York Mercantile Exchange.  He graduated from Baruch College with a Bachelor of Business Administration in Accounting and from S. John’s University with an MBA in Finance.