Corey Ribotsky (NIR Group)

Corey Ribotsky Supports Sunrise Day Camp

In July 2010 the Long Island Newspaper ran a story about Sunrise Day Camp, located in Wheatley Heights, Long Island.  But Sunrise is much more than just a summer camp, as one of the campers remarked.

"It's not really a camp, it's like a miracle," said Camila Korobow, 12, of Melville. "It's amazing; we share our stories and sometimes we laugh about it because we know we have each other."
Sunrise Day Camp is the only day camp in the United States which is solely dedicated to children with cancer.  Sunrise is run by the Oceanside located Friedberg Jewish Community Center, and is free. Children from ages 3 ½ to 16 attend from as far afield as the Bronx.

For many the camp is like a second home.  As one parent of a child with Leukemia said, "It has benefits for the whole family," she said. "I can't tell you what a great sense of normal it gives us."
Corey Ribotsky and the NIR Group of Roslyn , Long Island are supporters of the work done at Sunrise Day Camp.

Corey Ribotsky at Cocktail Reception for CMFNY

Back in April of 2010 David Blumenthal, the chairman of the Children’s Medical Fund of New York, hosted a cocktail reception in honor or the exclusive men’s international clothing designer Ermenegildo Zegna. 

The April reception marked the 100th anniversary of the founding of the company, which coincided with the opening of the 14th retail shop in the United States.

Twenty percent of the funds raised at the event were dedicated to the Children’s Fund of New York, where Corey Ribotsky of the NIR Group serves as president.

Children's Medical Fund Lester's Fashion Show

On October 20^th, families and friends of the Children’s Medical Fund joined Lester’s for an evening of music and fashion at Old Westbury Country Club. The event opened with dinner, cocktails and raffle and auction prizes. Activities including Wendy the “pied piper” of pipe cleaners, photos and dog tags by ESP/TRU FIT and amazing magic tricks by Keith Rothschild were also popular throughout the evening. Over four hundred guests were present, and eighty five children ruled the runway, escorted by the music of the Rosalyn Theater Company. A live auction was held for an internship with Donny Deutsch and a signed poster of the Glee club. The event raised $125,000 for the Child Life Department.

The Children’s Medical Fund of New York, with president Corey Ribotsky, is an organization which works to improve child health care as well as the patient and family experiences while hospitalized.

Give & Get Supports Leukemia and Lymphoma Society

 
The Leukemia and Lymphoma Society (LLS), which is supported by companies like the NIR Group with Corey Ribotsky, participated once again in Gap Inc.’s Give & Get program. In previous campaigns, this program has provided LLS with nearly $2.8 million in support of their cancer research, patient education and support services. 

The holiday project ran from Thursday, November 11^th until the following Sunday. Over that weekend, customers were able to use and reuse downloadable coupons which granted a 30% discount in Gap, Banana Republic and Old Navy, in both the U.S. and Canada. LLS and several other organizations benefitted from the purchases- the shoppers each selected the charity of their choice, and 5% of their net purchases were donated.

Harvest Ball with Sunrise Day Camp

Sometimes the best plans don’t work out as expected. Sunrise Day Camp, dedicated to helping children with cancer, has moved its Purim Ball to Saturday, October 16, 2010. Now renamed the Harvest Ball, this event will benefit the Friedberg JCC and Sunrise Day Camp. Sponsors and supporters will enjoy a wonderful evening out. The event will take place at the JCC and will include great food, live music, dancing and an auction and raffle. Honorees during this event will include Linda Friedman, Elle & Hy Kapito, Jill Levine, and Caryn Pilnick.

Certainly, every time that anyone like Corey Ribotsky donates to an event of this sort, or to Sunrise Day Camp in general, it helps Sunrise to help children with cancer.

Recent Downturns in the Market

In recent news from CNN Money, stocks have recently fallen, as the atmosphere on Wall Street has turned bearish.  The Dow Jones slumped 141 points, or approximately 1.4%, while the S&P 500 slid 1.5% and the Nasdaq also shed 1.5%.

As Dan Greenhaus, the chief economic strategist at Miller, Tabak and Co. explained, "There's nothing to take us higher so we're continuing to go lower." He predicted that we’ll be seeing some big swings coming up as well.

Certainly, everyone from professional investors like Corey Ribotsky to the private individual will have his eyes on the market.  Read more of this article to gleam more insight into the current situation.

Tail Risks and More

This post, at Condor Options.com offers an interesting analysis of tail risks.  While the author states, admittedly, that he is hoping to “join the fray” with a “managed account program and subscription product set to launch” soon, he thinks “it bears repeating that none of the retail products on offer is all that attractive as a buy-and-hold candidate for hedging tail risk, and it sounds like some of the managed institutional products aren’t all that nuanced, either.”

He continues by explaining this idea and fleshing it out for analysis.  For managing members of investment firms, like Corey Ribotsky, and for private investors, this information could be very interesting and helpful.

 

Bonds & Inflation

An interesting analysis of bonds and a look at inflation expectations and how accurate those expectations are amid slowing economic growth.  At the end of his analysis, the author states, “Given this construct of slower future economic growth and inflation expectations, a weakening unemployment picture could accelerate us further in that direction.  While we have reached our initial aforementioned target on both the breakeven rate and 10-Year Treasury which could lead to a short-term bounce, further declines appear to be in the cards for the remainder of 2010. 

Not an optimistic look at what the future in 2010 will bring – but one that’s worth reading about and considering.

Corey Ribotsky and Stern Graduate School of Business

Corey Ribotsky who studied at NYU’s Stern Graduate School of Business, might be interested in the campus’s undergraduate and graduate ceremonies.  What the school does to “celebrate and appreciate the time each Stern student spends in the more intimate setting of the Stern campus” is put on an Undergraduate Baccaulaureate and Graduate Convocation ceremony which ultimately are celebrations of the Stern School, from which Ribotsky graduated. It is a way to embrace the school and its traditions.

Graduate Recognition at the Business School

It is always a joy to be recognized for one’s academic achievement.  Well, the Stern Graduate School of Business is seeking to do just that through these small ceremonies.  Each graduate will be able to get personal recognition for their efforts which was what happened during these ceremonies held in May.  The larger more standard recognitions that probably someone like Ribotsky had when he studied at the school, definitely take away the personal touch that these ceremonies embrace.

Ribotsky Hopeful that PIPE Trade Group Will Educate Public Sector

One of the goals of the trade group Corey Ribotsky and the NIR Group plan to

establish for the PIPE investment space is education. Currently the U.S. government is using the special PIPE structure of financing everyday so that more people are becoming acquainted with this investment strategy.

Ribotsky is pleased that everyday more information about PIPEs become available to the benefit of the public, but he is also worried that some of the information is distorted. Ribotsky is hopeful that his trade group will provide the essential repository for accurate and useful information so that people can better understand just how PIPE transactions work.

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 Appoints New Head of Structured Equity Investments

 David Ratzker was named as a new portfolio manager at the NIR Group, an alternative investment firm.  Ratzker will be reporting to the Managing Member and Head Portfolio Manager, Corey Ribotsky. NIR manages a large variety of investment strategies, including direct equity investments, commodities and real estate. Ratzker will head NIR’s structured equity investments.

Ratzker’s responsibilities will include overseeing equity investments in publicly traded companies. The goal of these portfolios are to give the issuers faster access to capital as well as other increased control and flexibility of the issuance of capital.

Corey Ribotsky Appoints David Ratzker

Explaining the new appointment of David Ratzker as the new head of NIR’s structured equity investments, Corey Ribotsky said, “With Bank of America recently raising over 13 billion though a similar structure, it is clear that this is the best environment for this strategy that I have seen in 15 years. David is uniquely qualified and we are confident he will identify attractive investment opportunities.” Ratzker responded, “I’m excited to join a pioneer in the direct investment space and I look forward to contributing to the firm’s continued success.”

Philanthropy: Ribotsky & NIR

Corey  Ribotsky, who heads the NIR Group, is involved in a number of philanthropic pursuits. Not only does his philanthropy - through the philanthropic activities of his company - involve the financial support of various organizations, it also involves the investing of time and effort into these institutions.

One of the examples of Ribotsky's philanthropy is the Children's Medical Fund of New York (CMFNY). Ribotsky and NIR support the Fund, but more importantly, Ribotsky's involvement far surpasses mere philanthropy. Ribotsky serves as the president of the fund, thereby devoting his own person - and not merely his company's financial resources - to the CMFNY

NIR and Corey Ribotsky

Corey Ribotsky was recently interviewed by Entrepenuer Magazine, the edition that hit the newsstands in June 2008.
Interestingly enough, as an expert on Private Investment Tools, Corey shares information on how the private invester
can invest in otherwise public equities. 

With a weak real estate market, taking what has been called a "wait and see" and "no hurry" attitude
and with a stock market that looks like it may not be as strong as many had hoped it would be,
it's time to pay attention to new investment vehicles available to the public.

Corey's clients are likely to be a slice above the rest when it comes to socioeconomic status.
That's because PIPES and other financial instruments are really not appropriate for ma and pa investors.

The risk that Corey Ribotsky describes "meticulous research on the investment firm and each investor: looking into past
deals, how stocks perform post-deals, and following up on references" proportional to the possible gain - and that's why firms like his
are able to attract the high quality of investors that they have.