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 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.”

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.

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.

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.

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.

Founder and Managing Member of the N.I.R. Group, Corey Ribotsky, was featured a few years back in the July 2008 issue of Entrepreneur Magazine. The article focused on the use of PIPES (private investment in public equities). Ribotsky stressed that due diligence is essential in considering such deals.

As Ribotsky said in the article, “The company has to know who they’re getting into bed with. You want someone who’s going to be a financial partner as opposed to someone who’s just looking for a trading play.”

Corey Ribotsky has over a decade of experience structuring transactions for his investors. He is often sought after as an expert on direct investments in public companies for industry conferences and symposia.