Corey Ribotsky Update

For hedge fund leaders like Corey Ribotsky, the Fudiciary Management Summit 2012 is the perfect opportunity. Conducted by Finance IQ, the summit took place on Wednesday, January 25^th and brought together Fund Managers, Plan Sponsors, CIO’s and Trustees with Fiduciary Mangers, Asset Managers, Boutique Houses and Consultants.

The seminar evaluated the challenges facing pension funds as they look towards the idea of moving towards a Fiduciary Model. They defined the FM Model for the UK market and evaluated the macro view of the pensions’ market.

The Onyx and Breezy Foundation – supported by Corey Ribotsky – had a very productive year in 2011.  Throughout the country, it has helped a large amount of various individuals and organizations with pets in needs, while also providing assistance to no-kill shelters and rescues.  In addition, we provided funds for emergency surgeries along with food and medicine for animals from homes on low-incomes.

The foundation has also been spaying and neutering animals – supporting and encouraging this action.  There are over 3 million dogs and cats euthanized in shelters throughout the nation every year and the Onyx and Breezy Foundation is committed to ending this.  The foundation also took this opportunity – at the end of 2011 – to thank all its supporters for their kind donations.  During the year there were many events that were attended by many supporters which raised lots of money such as the 7^th Annual Black Tie Gala and early this year sales will begin for the 5^th annual raffle.  In March, the foundation’s 3^rd  Annual Island Gala will take place.

Hedge fund managers like Corey Ribotsky may want to take note of a new strategy that some, like Richard Hurowitz, are employing.  Hurowitz has been running a $1 billion hedge fund and he has recently moved into shareholder activism, taking on both the boards of a Canadian and a German company.

As Hurowitz explained, “Shareholders in this financial environment are not going to be tolerant of boards that do not protect their interests.”

Read more about this situation as it develops.

In an interesting new approach, Asian hedge funds that are starved for capital are starting to allow clients more control over their investments. These managed accounts are creating a lifeline for funds in the area, who would otherwise be too small to get institutions who are large investors in the industry.

As it might be of interest to hedge fund leaders like Corey Ribotsky, the hedge funds might charge less than the 2% management fee and 20% performance fee that is usually taken from clients.

As Gautam Prakash, founder of U.S.-based hedge fund Monsoon Capital said, “As a manager trying to grow a new strategy, you do whatever it takes to get capital.”

Learn more about this plan here.

The Leukemia and Lymphoma Society has been working for many years in the capacity of providing funds for blood cancer research as well as information and patient services. In what it does and the services it provides, it is globally the largest organization and is featured in the Survivorship Support Network. Businessman Corey Ribotsky, is a volunteer at the LLS.

Last week, over the Thanksgiving Day holiday celebration, Dorothy Hamil and Scott Hamilton got together to host the third annual Kaleidoscope FOX TV event, producing a spectacular combination of skating (Hamil and Hamilton are top skaters) music and, as recorded by the LLS report, “the brave message of survivorship to raise awareness of the key issues surrounding cancer.”

At the show, for the first time ever, various top figure skaters and Grammy Award winning musicians will be joining together. From Sinead and John Kerr to Patti LaBelle, Hunter Hayes to Kurt Browning and many more, it really was a show not to be missed that also had such a good cause and was thus so appropriately screened on Thanksgiving Day.