Medical Breakthroughs with the Feinstein Institute for Medical Research February 2, 2010
Posted by coreyribotsky in Corey Ribotsky, North Shore-LIJ Health System.Tags: Corey Ribotsky, Philanthropy, The Feinstein Institute
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The Feinstein Institute for Medical Research is one example of the innovative and groundbreaking work being done through the North Shore-LIJ Health System. As the Board of Trustee members, such as Corey Ribotsky could explain, The Feinstein Institute has more than 800 scientists and investigators who are researching into oncology, genetics, pediatrics, surgery, urology, gynecology and more.
In 2008 alone, they received funding through the National Institute of Health of over $28 million and they also received an additional $10 million from other federal sources. In total, their research funding for 2008 exceeded $44 million.
The Feinstein Institute for Medical Research hopes to continue at this pace, and to expand and grow its knowledge, research base and progress in the coming years.
Corey Ribotsky to Receive Sunshine Community Partner Award January 25, 2010
Posted by coreyribotsky in Corey Ribotsky, Philanthropy, Sunshine Day Camp.Tags: Corey Ribotsky, Sunshine Community Partner Award, Sunshine Day Camp
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If you haven’t yet signed up for the 4th Annual Friends of Sunrise Cocktail Party and Auction, it’s certainly not too late to do so. This event is scheduled for Thursday, March 18, 2010 at the Glen Head Country Club in Glen Head, New York.
This event will include an open bar, dinner, a D.J., dancing and a great auction. The purpose of the evening is to raise money for Sunrise Day Camp, the only camp in the country specifically dedicated to children with cancer and their siblings.
As part of the cocktail party and auction, Stacey and Corey Ribotsky will be honored with the Sunrise Community Partner Award for their work and contributions to the Sunrise Day Camp.
Hedge Funds 101 January 17, 2010
Posted by coreyribotsky in Corey Ribotsky, Hedge Funds.Tags: Corey Ribotsky, Hedge Funds
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Hedge funds have certainly been in the news a lot lately. Corey Ribotsky’s investment firm, the NIR Group, based in Roslyn, New York, is one of the top hedge fund investors in the United States, so perhaps it would be wise to discuss a bit what exactly hedge funds are.
Let’s start with a bit of history to get perspective and context. Surprisingly it was not an investor in the usual sense that is credited with creating the first hedge fund. In 1949 Alfred W. Jones, a writer, sociologist and financial journalist made some observations that gave him an idea which has since changed the way we invest today. Jones surmised that the price fluctuations of individual assets could be separated into two distinct components; one part due to the activity of the overall market, and the other part due to the performance of the investment itself. He therefore devised a way to cancel out the effect of the overall market performance. Jones achieved this by creating a balanced portfolio. Some of the assets he purchased he believed would outperform the general market, while others he sold short, expecting these to perform weaker than the overall market. In this way Jones would have an investment in which market fluctuations in the price of the investments would be neutralized. If the overall market rose, the loss on shorted assets would be evened out by the extra gain on the purchased assets. The same effect would apply if the market as a whole fell in value.
The term ‘hedge fund’ was used because the effect of this style of investing is to ‘hedge’ the part of the risk which is due to the general movements of the market. Like the expression “hedging your bets.”
Structured Finance with the NIR Group January 10, 2010
Posted by coreyribotsky in Corey Ribotsky, NIR Group.Tags: Corey Rivotsky, NIR Group
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One of the main strategies used by the NIR Group, with managing partner Corey Ribotsky, is structured finances. The structured finance group was established as part of the NIR Group in 2005 and they target investment opportunities in the structured finance markets. Their core strategy includes asset classes that require structuring expertise and offering liquidity premiums.
The structured finance group focuses on two main areas: RMBS Distressed Investments and ABS Mezzanine and Equity. The combined experience of the managing partners of the structured finance group includes 25 years of experience with managing and structuring investments.
NIR Group Announces New Managing Director January 3, 2010
Posted by coreyribotsky in Corey Ribotsky, NIR Group.Tags: Corey Ribotsky, NIR Group
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The NIR Group is excited to announce the addition of a new Managing Director. Robert M. Cohen will be responsible for overseeing operations and business development for the alternative investment firm.
As Corey Ribotsky, Managing Member and Head Portfolio Manager, explains, “Bobby has a proven track-record in managing and building a successful firm in the financial services sector. We are confident that he will add significant value to us as we continue to build our operation.”
Corey Ribotsky & The NIR Group’s Winning Strategy December 21, 2009
Posted by coreyribotsky in Corey Ribotsky, NIR Group.Tags: Corey Ribotsky, NIR Group
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The NIR Group and Corey Ribotsky utilize a Direct Investment strategy which specializes in funding Development Stage, Emerging Growth and/or Distressed public companies. They do so by working with their investments over a two to four year time span. They work in this way for three reasons: first to limit the initial dilution of an issuer’s common stock; to reduce the risk for the overall transaction; and, finally, to protect against potential losses that might come as a result of fraud or corporate malfeasance.
They ensure a reduced downside risk with investments made in a controlled investment process. Most investments include senior secured debt which is backed by the assets of the company.
Corey Ribotsky and The NIR Group design their Direct Investment portfolios to generate risk adjusted returns with low market correlation. They do so, while also preserving investors’ capital in all market environments.
Corey Ribotsky & The NIR Group Offer the NIR Credit Partners December 14, 2009
Posted by coreyribotsky in Corey Ribotsky, NIR Group.Tags: Corey Ribotsky, NIR Credit Partners, NIR Group
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As part of their unique services and expertise, the NIR Group and Corey Ribotsky offer The NIR Credit Partners team. Established in 2005 as an alternative asset manager, the NIR Credit Partners includes professionals with a large range of skill sets. Comprised of portfolio management, investment banking, capital markets distribution, structuring, modeling and systems development activities, the NIR Credit Partners are ready to participate in rebuilding structured finance.
Today, this team, under managing partners Joe Parish and Scott Shannon, provide the industry with analysis related to mortgage loans and mortgage-backed securities.
The NIR Group Introduces the Haverstock Fund December 7, 2009
Posted by coreyribotsky in Corey Ribotsky, Haverstock Fund.Tags: Corey Ribotsky, The NIH Group
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The NIR Group, with managing partner and head portfolio manager Corey Ribotsky, is now offering the Haverstock Fund. This fund offers mid market companies the liquidity they need. There are many benefits to the issuer with this fund.
The Haverstock Fund offers the issuer control over the amount and timing of each Option while also granting total flexibility to the issuer. This fund offers the issuer access to capital without dilation and ensures no overhang. The shares will be issued as the company determines and desires, ensuring that there is no uncertainty with dilution. The Haverstock Fund eliminates financing uncertainty with a firm commitment and offers lower cost funding mechanisms than are available with other alternative financing options.
These are a few of the advantages that the Haverstock Fund will offer to the NIR Group. Corey Ribotsky and The NIR Group are constantly adapting to the changing times, and seeking fund options that will work for companies of all sorts.
Music Key to Lifting Spirits November 17, 2009
Posted by coreyribotsky in Corey Ribotsky, Heather on Earth, NIR Group, Philanthropy.Tags: Corey Ribotsky, Heather on Earth, NIR Group, Philanthropy
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The Heather on Earth Foundation sees as its goal to fund music programs at children’s hospitals, including full or part-time music therapists to help children and their families cope with the stress and discomfort of serious illness.
Included among the services the Heather on Earth therapists offer are the amazing services of the Songs of Love Foundation. Songs of Love creates individual portraits of children, highlighting that child’s very own spirit. Heather on Earth strives to make sure every child leaves the hospital with a Song of Love.
Among the children’s hospitals whose music therapy programs are funded by Heather on Earth are Maria Fareri Children’s Hospital in Westchester, New York; Schneider Children’s Hospital in New Hyde Park, New York; and Winthrop University Hospital in Mineola, New York.
Corey Ribotsky of the NIR Group, Roslyn, New York, is proud to be a partner in this worthwhile endeavor.
Heather on Earth Helps Children Cope with Serious Illness November 10, 2009
Posted by coreyribotsky in Corey Ribotsky, Heather on Earth, NIR Group, Philanthropy.Tags: Corey Ribotsky, Heather on Earth, NIR Group
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The NIR Group, Corey Ribotsky managing partner, is involved in many organizations and foundations as supporters. Among these varied groups is a unique and special organization known as the Heather on Earth Music Foundation.
The Foundation was named in memory of Heather Samone Fessler, who left this world on September 28, 1985. The mission of Heather on Earth is to bring the gift and beauty of music to children and their families who are struggling with serious illness, in order to lift spirits, inspire, relax, distract and calm raw nerves.
It is well known that listening to music can strengthen the immune system, alleviate pain, decrease anxiety, and help young patients comply and participate in their own care. Heather on Earth hopes to bring a little beauty and hope to what might otherwise be a frightening and distressing experience.
