The Onyx & Breezy Foundation, which looks out for the welfare of animals, has recently welcomed some new members to the Foundation Family. The Foundation Family includes Trustees Mark Shefts and Wanda Shefts; Advisors such as Carole Bernstein, ESQ; Executive Board Members such as Kimberly Towers; and Foundation Members like Corey Ribotsky of the NIR Group.
Recently, a few people have joined the Foundation Family. Michelle and John Baldino are now part of this family. They have always been helpful to the Foundation. Michele, according to the Onyx & Breezy Foundation most recent newsletter, recently ran a marathon to benefit the Foundation.
Another addition to the Foundation Family is Dr. Christopher Hunt, an Orthopedic Surgeon at Animal Emergency Referral Associates. He has supported the Foundation since its founding and he has provided medical care at discounted prices for many emergency cases.
On March 27th, 2011, The Onyx & Breezy Foundation will be having their second annual Island Gala. This is certainly an event not to be missed as the founders of the foundation, Mark and Wanda Shefts get ready to host the evening. The evening of comedy, fine dining, dancing and live and silent auctions will take place this year at The Sanctuary Golf Club.
This year, entertainment will be provided by comedienne Windy Liebman, the winner of the American Comedy Award for Best Female Stand-Up. Actor Ken Howard, the national spokesman and executive board member for The Onyx and Breezy Foundation, which the NIR Group and Corey Ribotsky help to support, will be attending.
One of the goals this year is to raise more than the $47,000 last year raised in the live and silent auctions. It will certainly be a night to remember and one that the founders hope will raise a great deal of money to help animals in need.
One of the activities of the NIR Group is a Real Estate fund. The main service it offers is mortgage loans which has “different levels and types of risks than mortgage loans originated by more traditional lenders (such as banks, insurance companies or conduit lenders).” Thus these loans generally return a higher yield, shorter-term. In general with hard money mortgage loans like the ones offered by NIR the borrower incurs a more costly fee, there is a greater demand for such loans due to the following factors: the borrower wanting to “limit equity dilution” due to involving an equity investor to provide the necessary funds; “tighter loan underwriting standards” used by the standard mortgage lenders and “borrowing timing issues” that need an “expedited loan closing” that do not incur the delays regular financing usually means.
The NIR Group, headquartered in Roslyn New York, is a unique investment firm which places it emphasis on specialization. Corey Ribotsky, managing member and head portfolio manager sees the advantages of specialization in the following way:
“We believe at the NIR Group that specialization gives our investors the best road to meeting their goals. Our guiding principle is to adhere to a consistent core strategy and then follow through with it to the greatest extent possible. Each fund we create has a particular strategy in mind, giving each fund the ability to focus on and succeed according to its pre-established core strengths. The idea behind the philosophy of specialization is that it gives our investors at NIR the ability to choose the single strategy that they wish to follow, giving them exactly what they want."
What makes the NIR Group unique among investment firms is that its principals invest right alongside their clients in their own strategies. This shows the confidence the firm has in the choices they make and the confidence they have that their strategies will lead them to realize above average returns while simultaneously limiting downside risk.
Corey Ribotsky is the Head Portfolio manager of the NIR Group and the Managing Member. Headquartered in Roslyn, New York, the NIR Group was founded in 1999 when they launched their first direct investment fund, and now offer investments in a large variety of sectors, including pension funds, endowments, foundations and much more.
This is a picture from the Zegna Event of 2010, with the Children's Medical Fund President Corey Ribotsky, Stacey Ribotsky, Lauren Browne, CMF Chairman David Blumenfeld, Castagna Realty Company, Inc. Chairman Frank Castagna, Rita Castagna, Zegna President & CEO Robert Ackerman, Executive VP Retail Mauro Visentini.
Throughout the month of October, customers of Modell’s, the popular sporting goods store, had the opportunity to save money while at the same time supporting the Leukemia and Lymphoma Society. Modell’s publicized a coupon which gave the user 15% off of their purchase, as well as 5% of the final cost to the Leukemia and Lymphoma Society.
The Leukemia and Lymphoma Society, or LLS, is an organization which is supported by many companies like the NIR Group with Corey Ribotsky. It works to find the cure for blood cancer while supporting patients and their families.
The General Counsel at the NIR Group, where Corey Ribotsky is a Managing Member, is Yoel Goldfeder. Mr. Goldfeder specializes in PIPE transactions and reverse mergers and he has represented both small and large companies in mergers and acquisitions, joint ventures, and corporate financing. Prior to working with the NIR Group, Mr. Goldfeder was a member of the corporate and securities department of Sichenzia, Ross, Friedman, Ference LLP. He has a law degree from Georgetown University Law Center and a B.A. in Accounting and B.S. in Political Science from Brooklyn College.
For those of us focused on the housing market, this piece is particularly enlightening. As the authors explain, we will need to see a price reduction in order for the housing market to stabilize without government aid.
The author explains that, “Based on Merrill’s estimates the housing market is unlikely to normalize before 2015. The supply/demand imbalance is simply staggering at the current levels and is likely to deteriorate if the economy weakens further.”
Sighting charts and analysis from Merrill Lynch, the article sheds light on the current housing issues. Certainly, these issues are pertinent to those in the financial sphere like Corey Ribotsky and to anyone looking to invest in the housing market or to purchase a private home.
Here’s an interesting analysis for investors out there. This post tries to explain the low options trading volumes we are seeing at the moment. It’s certainly an interesting analysis of the complete nuance of the stock market and of investment portfolios that is worth a read for anyone in the business, such as Corey Ribotsky of the NIR Group.
As the article ends, he states, “This exacerbates the low options and stock trading volumes, which makes it even more difficult for investors to conclude that this stretch of the tape is decisively bullish, or bearish.”