Corey Ribotsky Update

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.

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.

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.

The New Economic Policy or NEP (in Russian:  transliterated as Novaya politika ekonomitcheskaya) was an economic policy start work in Soviet Russia and then in the Union of Soviet Socialist Republics (USSR) from 1921. The NEP was officially decided in the 10A Congress of the Communist Party of the USSR. Was promulgated by decree on March 21, 1921. The decree required the farmers to give the government a specified amount of agricultural products or raw materials. The direct conversion of Russia to a Communist system, had failed, and the NEP was introduced as an emergency measure.

Interactive Investor
May 19 (Reuters) – The European Central Bank cut its main refinancing rate by another 25 basis points on May 7 with a low of 1.0 percent and decided to start a covered bond purchase program.

iafrica.com
fast food are still popular with the South African embattled and debt – already burdened consumers.

PR News Wire via Yahoo! Finance
Gushan Environmental Energy Limited, a leading producer of biodiesel in China, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2009.

San Francisco Chronicle
There is an easy way to measure how strong the economy is suffering during the recession: America’s factories make things much less than before. That means less cars, rolling steel, computer chips, airplane parts, refrigerators, beer cans, and … Related: Beer – Recreation – Recession – Refrigerator – Collection

The United States. UU. emerged from World War II as the strongest economies in the world, living a fast growing industry and a strong accumulation of capital. The U.S. had not suffered the destruction of the Second World War, had a strong manufacturing industry and got rich by selling weapons and lending money to other fighters, the U.S. industrial production in 1945 was more than double the annual production of the year between 1935 and 1939.
U.S. being the largest world power and one of the few nations recently affected by the war was in position to win more than any other country with the release of world trade. The U.S. would have with it a world market for their exports, and have unrestricted access to vital raw materials. Do not forget that despite having more gold production capacity and military power that other nations together, U.S. capitalism could not survive without markets and allies. William Clayton, the Secretary of State for economic affairs was one of several influential figures in the U.S. in realizing this point: “We need major markets around the world, where buying and selling..”
Habia estimates that the return of peace would have a depression like in the 30s due to the return of soldiers to the job market and the end of production so Belica President Franklin D. Roosevelt saw in the creation of a postwar order in a way to ensure prosperity in the USA.

Girodivite
Updated news from Balkan powered by www.seenews.com Monday, May 18, 2009, by Emanuele G. – 0 letture
rediff.com
The figures suggest the profit performance of the broad market is worse than that of the narrow market. For a sample of almost 1,000 companies, excluding banks and financial services, the net profit for the quarter to March 2009 in a very sharp 20 percent year-on-year. This is not surprising that operating profit margins are off by almost 200 basis points, indicating that India …
Financial Times
renewed doubts about the prospects for a quick recovery in the global economy caused risk appetite to weaken this week, dragging stock prices lower and pushing bonds higher.
iafrica.com
fast food are still popular with the South African embattled and debt-burdened consumers.