Corey Ribotsky Update

This year, 2009 marks the 10th anniversary since the launching of the first direct investment fund at the NIR Group, based in Roslyn, New York. With the perspective of ten years behind him, Corey Ribotsky discussed today’s unsure market and his strategies as Managing Member and Head Portfolio Manager to cope with the special stresses of investing now.
One of the main focuses of the NIR Group in the past has been PIPE investing. According to Ribotsky today’s environment for PIPEs has been “the best I’ve seen in 15 years of investing in this space.”

Believing that it will be beneficial to create a trade group for the PIPE investment space, the NIR Group has been active in beginning such an organization.  “It is something that we have talked about quite a bit over the years with other players in this strategy but it never really transpired,” explained Ribotsky.

The goal is to create a group soon which will be made up of a membership of investors involved in the PIPE space, as well as service providers such as lawyers and accountants and others who also play an important role in this investment strategy. Although the NIR Group itself is really only involved in the micro and small cap market, the group will most probably include those in the mid to larger cap markets. This would tend to include placement agents, broker dealers, investment banks and others.

Alternative investment firm, The NIR Group, LLC.,  headed by head portfolio manager, Corey Ribotsky, focuses on investment strategies that are structured to produce returns in all market environments all the while mitigating risks.

The N.I.R. Group initially focused its investment strategy on direct investments in small/micro-cap public companies that showed emerging growth, in addition to distressed and developmental stage businesses.
View more info on the NIR Group page here.

Opening their new Singapore office, the NIR Group of Roslyn, New York is heading into the future of global investing in the emerging markets of Asia.

Working directly under Corey Ribotsky, managing member of the NIR Group, newly appointed Shoham Cohen will head up the office in Singapore.

“There are numerous opportunities to replicate what NIR has done so successfully in the U.S. and the investment community is looking for alternative investments that are truly non-correlated and provide consistent absolute returns,” added Mr. Cohen.

Shoham Cohen, who will run the new Singapore office for the NIR Group will report directly to Corey Ribotsky, managing member of NIR headquartered in Roslyn, NY.

“Shoham has a proven track-record of growing businesses in Asia and we are confident he will do the same for us,” said Mr. Ribotsky. “His extensive local knowledge will be integral as we expand our presence.”

The NIR Group is an investment firm managing a large variety of investment strategies including direct equity investments.
Always looking for new investment opportunities, Corey Ribotsky is confident that new, expanding markets in Asia will open new possibilities for investment strategies, and Singapore is a centralized, international city which can be a springboard to the entire Asian marketplace.

Corey Ribotsky, Managing Member and Head Portfolio Manager will directly supervise Shoham Cohen as Mr. Cohen heads the new office in Singapore.

Mr. Cohen will be using his talent and experience to identify potential investment partners and develop new strategies for investment in the fast-expanding Asian marketplace.

Shoham Cohen is uniquely suited to this task, coming to the NIR Group after founding and managing ESC Financial Services since 2005. ESC Financial Services is an incubation and structuring boutique company which supported managers of emerging funds and various investment strategies throughout Asia.

The new office in Singapore, led by Mr. Cohen, will identify investment partners throughout Asia and the Far East, including in Japan, Taiwan, Hong Kong as well as in Singapore.

Corey S. Ribotsky heads The NIR Group, LLC, as Managing Member and Head Portfolio Manager. The NIR Group is an Alternative Asset Management Firm that has successfully launched and continues to manage The NIR Group Family of Funds. Prior to joining NIR, Ribotsky was a member of the investment management firm, The Rainmaker Group, LLC.

Ribotsky graduated with a BA from the State University of New York at Stony Brook, also attending The New York University, Leonard N. Stern Graduate School of Business where he received an MBA in Finance and Operations, and also Brooklyn Law School.

At the N.I.R. Group LLC, headquartered in Roslyn, NY, you will meet a dedicated management team performing at the highest professional levels to insure that their investment strategies reduce risk and maximize returns in all market conditions.

The head portfolio manager, Corey S. Ribotsky, has been a successful investor in public companies since 1992. He was educated entirely in the New York area, with a B.A. from the State University of New York at Stony Brook and received his M.B.A. in Finance and Operations from the Leonard N. Stern Graduate School of Business of New York University. In addition he attended the Brooklyn Law School.

The Managing Director of the N.I.R. Group is Howard Tanney who has  almost three decades of experience investing in financial markets, especially the energy sector, to the firm. In addition Mr. Tanney brings operational experience to the N.I.R. Group, as he was an executive board member or the New York Mercantile Exchange.  Howard has a Bachelor’s in Business Administration with a concentration on Accounting from Baruch College, City University of New York, and an M.B.A. in Finance from St. John’s University, and he is a Certified Public Accountant.

Yoel Goldfeder is the General Counsel of the NIR Group. His specialty is private investments in public equities transactions, (known as PIPES), as well as reverse mergers. Mr. Goldfeder received his Juris Doctorate from Georgetown University Law Center and received the prestigious CALI award for course work in “Negotiating Mergers and Acquisitions.” He has a B.A. in accounting and a B.S. in political science from Brooklyn College. He is also an adjunct professor at Baruch College of the City University of New York.

One of many recipients of funding from the NIR Group of Roslyn New York is the Sunrise Day Camp, the only day camp entirely dedicated  to servicing children with cancer in the United States.

Located in the 300-acre Henry Kaufman Campgrounds on the border between Nassau and Suffolk Counties on Long Island, New York, the beautiful wooded camp offers the fun and excitement of summer camp while allowing the children to return to the safety and comfort of their own homes in the evenings.

The camp is for children being treated for  cancer and related disorders ages 3-16 and charges no tuition or camp fees to the families of these children.

Sunrise Day Camp also offers programing all year long, including a large variety of social and fund-raising events such as the annual “Walk to Help the Sun Rise.”

This is certainly a worthy cause that Corey Ribotsky and the NIR Group are proud to be a part of.

Corey Ribotsky, in his capacity as President of the Board of Trustees of the Children’s Medical Fund of New York, helps to ensure that the children of Long Island and the New York Metropolitan area have access to the best possible pediatric care through building and equipping medical facilities and sponsoring essential programs at the Schneider Children’s Hospital.

Ribotsky is the Managing Member of the NIR Group in Roslyn, New York, which is an active supporter of several major charitable organizations, including the Children’s Medical Fund of New York.

The CMFNY, through its generous funding of programs and equipment, has helped make Schneider Children’s Hospital in New Hyde Park, New York, one of the nation’s top hospitals dedicated to the diagnosis, treatment and research of children’s serious illnesses and their special needs.

Ribotsky and Board of Trustees of CMFNY

Corey Ribotsky, head portfolio manager at the NIR Group investment firm of Roslyn, New York,  is not the kind of person to sit back and let life pass him by just because he his successful at his vocation. In addition to having a bustling business life and a dedicated philanthropic life Ribotsky has been an executive producer on two highly successful film projects.

In 2008 Corey Ribotsky helped produce the acclaimed drama, ‘Hounddog’, with Dakota Fanning, Robin Wright Penn and David Morse in the starring roles. The story takes place during the 1950’s in rural Alambama. It is about a young, high-spirited girl and her struggle to overcome the repression she lives with. Directed by Deborah Kampmeier, this is a movie to inspire us to have hope even under the most trying of circumstances.

Corey Ribotsky’s first endeavor into the world of film was as one of the executive producers of ‘American Cannibal: The Road to Reality.’  This 2007 documentary, created by filmmakers Michael Nigro and Perry Grebin, is an expose of the world of reality-TV.

The concept is simple: create the ‘ultimate, ultimate’ survival show, and film the entire process. The audience sees just how far some people are willing to go for the fame and glory of stardom, even if its fleeting.
This is a biting critique of the American cultural pre-occupation with celebrities and its love of reality-TV.

Included among the many worthy causes that Corey Ribotsky and the NIR Group support is The Leukemia and Lymphoma Society. This organization is the largest voluntary organization which is dedicated to supporting through funding research, education and patient services for blood cancer. The goal of the Society is to help in the pursuit of the cure to leukemia, lymphoma, melanoma and Hodgkin’s disease. The Society also strives to help improve the quality of life of the patients with these diseases and their families. The Society was founded in 1949 and since then has invested over $360 in research of cancers of the blood. To learn more about the work of this important organization you can follow this link: The Leukemia & Lymphoma Society.

Shoham Cohen, working directly under the supervision of Corey Ribotsky of the NIR Group of Roslyn, New York will be heading up the newly opened Singapore branch of the well-known alternative investment firm.

Mr. Cohen comes to the NIR Group with years of experience which makes him highly suitable for the task of identifying strategic investment partners all over the Far East and Asia.

After working as Director at Innovation Fund, a fund-of-hedge funds based in the Cayman Islands, Mr. Cohen then founded and managed ESC Financial Services in 2005, which was an incubation and structuring boutique firm supporting emerging fund managers and a variety of strategies in Asia.

Prior to his stint at Innovation Fund Mr. Cohen was Managing Director at Quadriga Asset Management. Now known as Superfund, Shoham was a managed futures manager. As such he was responsible for business expansion and development in Asia.

On 14 August, in a Council of Ministers of extraordinary character, the Government of Spain approved a Royal Decree by which launches the Digital Terrestrial Television (DTT) pay in the country, ignoring the State Council. The text seen as most important points, as we read in Vaya Tele, equal opportunities for all operators, the development of digital television before the apagon technological and universalization of the decoders. Moreover, (the words of Minister of Industry, Miguel Sebastian), DTT payment ensures high quality content to viewers espanoles.

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• Demystifying the Stock Market [VHS] ~ Artist Not Provided (VHS Tape – May 4, 1994)
• Fundamentals of Corporate Finance + Standard & Poor’s Educational Version of Market Insight by Richard Brealey, Stewart Myers, and Alan Marcus (Hardcover – Sep 18, 2008)

The group Cajastur achievement in the first half of year 2008 net income allocated 95.3 million euros, representing an increase of 7.2 percent.
In a period characterized by economic slowdown, financial market strains and the rapid increase in defaults, the Group has achieved some results Cajastur defined by a diversified and balanced growth of traditional business, actively managing the portfolio and extreme caution in terms of risks.
At this time the turnover grew by 12.7 percent to 21.914 million euros, an increase in the uptake of customer funds by 10.2 percent. Moreover, the default rate reached 0.85 percent, held between the lowest values in the sector and the ordinary and operating margins grew at rates above 20 percent.
The operating margin Cajastur to June stood at 147.1 million euros, a growth of 26.2 percent, due to cost containment and improved productivity.
Despite significant investments in computer systems for improving business management, Cajastur maintaining good financial efficiency ratio of 38.5 percent, improving by 3 points over the first half of 2007.
Cajastur Group has achieved a net profit attributable to group of 95.3 million euros, with growth of 7.2 percent, an improvement that has been consistent with the consolidation of its prudent provisioning policy, which increased 125 percent to over 29 million euros.
High risk coverage and low arrears
Cajastur held during the first half of the year its policy of prudence and strict risk management. The entity has established the maximum provision of generic insolvencies, regulated by Circular 4 / 2004 of Banco de Espana, and risks associated with not doubtful. This prudent policy is reflected in the coverage rate, which stood at 207.8 percent of doubtful loans. In a fast-rising delinquencies, Cajastur conclude the first half of the year with a ratio of 0.85 percent, a figure that sits between the lowest values in the sector at the end of the semester. Cajastur also presents a balanced financial structure, which is reflected in the high rate of retail financing resources, liquidity situation to maintain a stable growth of the Group and be less dependent on capital markets, currently subject to intense restriction .
Growth in turnover
During the first half of the year, Cajastur reached a turnover of 21.914 million euros, an increase of 12.7 percent. Lending register more moderate growth than in previous quarters, following the slowdown of the market with an outstanding gross 10,780 million and an annual increase of 15.5 percent. Cajastur has maintained its policy of prudent risk management while contributing to enterprise development. This strategy is part of the investment increase in the financing of productive activities in the order of 20 percent.
Customer funds increased during the first half to 11.134 million euros, representing an increase of 10.2 percent and the fund all loans. Rising interest rates has encouraged the growth of term impositions, which have become the most demanded savings product and which focuses more competitive pressure, accentuated the trend noticed in the first quarter of the year. Cajastur has continued in this period, the strategic plan 2008-2010, which aims to consolidate and intensify the growth of the institution in terms of turnover, market share and profits under the new economic and market. The Strategic Plan focuses its activities and initiatives in segments of middle and upper income, and companies (with particular attention to SMEs and retail sectors), as well as the development and evolution of the network expansion, mainly in Madrid, Ontario and east.
Investment securities and remote banking
The portfolio of Cajastur reached a market value of EUR 3.475 million, of which 47 percent are fixed income securities and the remaining shares in companies listed on the most part, with solid fundamentals and that they produce for Group recurring income as dividends. The unrealized gains on securities portfolio exceeds EUR 800 million. Cajastur continued to expand and improve its multichannel offering, through improved services through new channels of online banking via Internet, telephone or WAP.

Get more:

• Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics by William Bonner and Lila Rajiva (Kindle Edition – Aug 31, 2007) – Kindle Book
• Fundamentals of Corporate Finance + Standard & Poor’s Educational Version of Market Insight by Richard Brealey, Stewart Myers, and Alan Marcus (Hardcover – Sep 18, 2008)
• ShareBuilder Basic Investor Starter Kit by ShareBuilder (CD-ROM)

Storm economic impact on the population by level of openness to multinationals, regulatory and social protection of the country ‘Kherson is the last major city on the Dnieper River before it drains water into the Black Sea. Despite some people who opened the spring in shorts and shoes, light, Kherson is nothing spa. In each city the communist Ukraine was assigned a task to a service economy streamlined to the extreme: it corresponded to Kherson shipbuilding, manufacture of paper and the construction of agricultural machinery. (Redirected from Convertibility Law) Domingo Cavallo, finance minister of Carlos Menem that momentum Convertibility
The Convertibility Law of the Austral (Law N 23928) was enacted on March 27, 1991 by the Congress of Argentina, during the government of Carlos Saul Menem, under the initiative of then Minister of Economy Domingo Cavallo, and was in force for 11 years.

According to her, was established from 1 April 1991 a fixed rate of exchange between the currency and the U.S. at a rate of 1 (one) U.S. 10,000 (ten thousand) Southern, which would later be replaced by a new currency, the Convertible Peso, also at fixed value of U S 1. Main objective was to control hyperinflation affecting the economy at that time. It also demanded the existence of reserves in support of the currency in circulation, thus restricting the monetary emission to increase the National Treasury. The period in which the hard convertibility law was popularly called “The One to One”, in clear reference to equal dollar weight.
Initially the law, together with market opening measures and other orthodox economic policies, had an apparently beneficial effect on the course of Argentina’s economy: the country restore stability and credibility with international capital, while inflationary horror ghosts and recalled that the hyperinflationary crisis of 1989. Argentina had very low levels of inflation throughout the period in which this law was in force (approximately 10 years), something rare in the country’s economic history.
The cheap price of the dollar, along with measures to open markets, facilitate the import of goods and services from other countries. Many people have debts in dollars, and the government of Carlos Menem benefited electorally from this situation, as during the electoral process could introduce an element of pressure as the consequences for those people that the dollar increase in price. This situation was named as “Voting shares”, in reference to property acquired through purchases in installments.
However, the extension of these policies over time is highly detrimental to the economy as a whole, especially in the long term: the inability to deliver money from the state, causes the gradual fall-deficit only in a tremendous increase external debt. Moreover, the overvaluation of domestic currency, which imposed such a law potentiate the effects of the violent economic openness, the negative trade balance, and devastating to the weak local industry.

The phenomenon was attributed to the deterioration in the credit and the cooling of the economy. Softline Consultores says that the growth of profits of the banking system is a minimum profit of the banking system from January to April amounted to 1.999 million strong bolivars (about 929.7 million dollars), surpassing the 4.6 gains for the same period anus past reported one of the main premises of financial analysis. However, Softline Consultores said that growth is minimal with respect to the 47.1 rise in profits in 2008 compared to the same quarter of 2007. There is also the opinion, and analysis have appeared in many important meetings and papers, that the macroeconomic indicators are systematically manipulated by governments in order not to lose popularity, and this could facilitate the emergence of political budget cycles in the euro area, or make the population has taken measures to meet its power with complete transparency would be unpopular. On the other finds were not sufficiently dealt with the “psychological effect” of the changeover on prices, understating this is prevented so that the correct discrimination of them. (See Reference 1)
Thus, since the updating of wages is based on the CPI, than the opinantes is manipulated to give a figure lower than the real, The result, according to this view, was a net transfer between the poorest towards the rich, and it is speculated that the effect was allowed to take place, or at least tries to cover up through pressure on the media not to discuss the item, or to discredit those who do so. The famous financial analyst Jim Puplava, admits in a recent article that exists worldwide, by all governments (especially the looks of the United States) a situation in which intentionally creates a “statistical manipulation aimed at control the government deficit and create an illusion designed to calm the markets and distracted from a reality where inflation is growing. ”

Ricardo Martinelli, a multimillionaire owner of the largest supermarket chain, has won the presidency of Panama, defeating the Social clearly Balbina Herrera, the ruling Partido Revolucionario Democratico (PRD). The Electoral Tribunal (TE) through the judge Erasmo Pinilla, he has let his victory by a call that was broadcast on television throughout the country. “The Electoral Tribunal considers that the data available to you is the winner of the elections,” Pinilla said the leader of the party Democratic Change. The official currency of the Kingdom of Morocco is the dirham, and the subdivision of 100 cents or two real traditional account. With investment from the World Bank, IMF and WTO. Economic growth, 2008 is 6.5 year, and per capita GDP amounts to about 5000.
The country’s revenues are 19.3 for agriculture, 35.5 for industry and 45.2 per service, according to data provided in 2005. Inflation is 2 points to 15 of the population lives in poverty. The percentage of active population is 20 of inhabitants.
The most developed industries in Morocco are the producers of phosphates, textiles, food processing, steel, aerospace, electronics and tourism. The export share is 12.874 , and major trading partners are Spain, France, United Kingdom, Italy and India. The imports, however, are of 21.841 in the year 2007, with its partners, France, Spain, Saudi Arabia, Russia, Italy, China, United States, Japan, Brazil, India, Thailand, South Korea and Germany.