Corey Ribotsky Info

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.