Corey Ribotsky (NIR Group)

Corey Ribotsky Initiates Trade Group

Corey Ribotsky told Opalesque on-line magazine that his investment firm, the NIR Group, is going to play a key role in the formation of a trade group for those involved in the PIPE investment space.  Included in this unique trade group will be all those involved in the PIPE space, including investors, service providers like lawyers, accountants and others.

Although the NIR Group itself tends to focus on micro to small cap companies the trade group will extend membership also to those in the mid to large cap market. Those involved in the larger cap markets will include placement agents, broker dealers, investment banks and more.

Corey Ribotsky Establishing PIPE Trade Group

In a discussion on what a trade group for PIPE investment space would look like, Corey Ribotsky of the NIR Group described education to be a large part of the mandate of this group. One of the initiators of the idea of a PIPE trade group, Ribotsky, Managing Member of the NIR Group, explained that in addition to the usual members of the trade group such as investors in PIPEs as well as service providers of various types such as lawyers and accountants, there will also be members whose job will be to educate the public and others about the PIPE investment strategy.

It is hoped that this trade group will be able to provide information and other resources on what PIPE investing is all about, including educating potential investors and anyone who might be interested in securing this type of financing.

Since lately the government has been using PIPE structures frequently there has been a lot more information about PIPEs in the public arena. However, sometimes this information is presented in a distorted fashion. Since at the moment there is no centralized place from which accurate information originates there is a high probability that distortion will ensue. Because of this problem Ribotsky believes education is a high priority for the PIPE trade group of the near future with the goal that all sides of PIPE transactions understand exactly how this specialized strategy works.

Evaluating Mortgage Risk with NIR Credit Partners

A division of the NIR Group, NIR Credit Partners, headquartered in North Carolina, has developed a unique tool for evaluating illiquid mortgage related loans and securities.

Mortgage risk is assessed over a large range of securities and loans, using loan-level data, in combination with forecasted home cost scenarios which can even be customized to reflect whatever the clients views might be regarding the present state of the economy and the housing market.

This essential tool for analytic valuation is now offered to various types of investors, including money managers, hedge funds, banks, pension plans and other types of institutional and alternative investors.

NIR Credit Partners Offers Unique Service

In March of this year the NIR Credit Partners LLC, one of the divisions of the NIR Group, expanded its portfolio valuation services for mortgage-backed securities and mortgage loans. This new service gives institutional investors the ability to analyze in an in-depth and highly customized way illiquid mortgage-related loans and securities.

According to Joe Parish, co-founder of NIR Credit Partners, “Given the ongoing market turmoil, many institutional investors are searching for better independent tools to value these assets and related risk. Due to a high level of demand, we are expanding this service as part of our core capabilities.”