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.
Hedge Funds 101 November 2, 2009
Posted by coreyribotsky in Corey Ribotsky, NIR Group.Tags: Corey Ribotsky, Hedge Funds, NIR Group
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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.”
