• 24 Jul 2009 at 11:19 AM

Thinking About Investing With Corey Ribotsky?

By

Just because he and his firm are being investigated for some possible wrongdoing doesn’t mean you shouldn’t fork over a briefcase of unmarked twenties, ASAP. Interested but need to know more re: what kind of returns you could expect? Performance history for the NIR Group’s AJW Qualified Partners below, plus the obvious value-added of having a guy whose background includes working at a firm called “The Rainmaker Group LLC” overseeing your cash.
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May AJW Partners Share Class B 06.22.09-1.pdf

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    Comments (28)

    1. 1
      Posted by guest | July 24, 2009 at 11:33 AM

      Rainmaker Group? baller.

    2. 2
      Posted by guest | July 24, 2009 at 11:34 AM

      how could you not trust this face?
      http://news.lalate.com/2009/07/24/corey-ribotsky-nir-group-photo/

    3. 3
      Posted by guest | July 24, 2009 at 11:37 AM

      I made water at 85 Broad. Couple of times.

    4. 4
      Posted by guest | July 24, 2009 at 11:38 AM

      So this story is going some place. I guess MadeOff spoiled us.

    5. 5
      Posted by guest | July 24, 2009 at 11:39 AM

      @4 what?

    6. 6
      Posted by guest | July 24, 2009 at 11:40 AM

      @3 sign your posts, lloyd.

    7. 7
      Posted by guest | July 24, 2009 at 11:41 AM

      I own this fund and have been very satisfied with the performance. Our entire family trust is with Corey. He is a great guy too.

    8. 8
      Posted by guest | July 24, 2009 at 11:41 AM

      At least DB gets the AUM and returns right on this story. WSJ’s copycate print today has old and borrowed news.

    9. 9
      Posted by guest | July 24, 2009 at 11:42 AM

      welcome to db, corey@7!

    10. 10
      Posted by guest | July 24, 2009 at 11:49 AM

      How about a three way joint venture between fat Corey, Laurus Funds & Platinum Partners Super Value Arb Fund 89… ?

    11. 11
      Posted by sourceclosetodiscussions | July 24, 2009 at 11:53 AM

      “doesn’t meant”? clean it up please…
      separately, there are some guys in jersey with a cereal box full of bills that need to be invested quick…so I’ve been told.

    12. 12
      Posted by HeadlessHorseman | July 24, 2009 at 11:55 AM

      Whatevs. Dude has recorded three down months and a push over the 9 years ending May of 2009. Given the fund’s detailed and sophisticated strategy, that seems plausible.
      To wit:
      Superior risk adjusted returns (never claims they’re legitimate) with low market correlation (possibly owing to no market exposure). Superior risk management (big safe in the dude’s basement hidden under the Jacuzzi that’s accessed by spinning both stripper poles clockwise simultaneously) indeed. NIR’s website was equally insightful.

    13. 13
      Posted by guest | July 24, 2009 at 11:57 AM

      domo arigato mr ribotsky … hmmm just does not sound right ..

    14. 14
      Posted by guest | July 24, 2009 at 12:21 PM

      I just withdrew my 401(k): where do I send the check?

    15. 15
      Posted by guest | July 24, 2009 at 1:07 PM

      couldnt happen to a better person

    16. 16
      Posted by guest | July 24, 2009 at 1:08 PM

      background check on this guy was pretty terrible – caveat emptor

    17. 17
      Posted by guest | July 24, 2009 at 1:35 PM

      He graduated from a state school and was with the Rainmaker Group, LLC based out of Jersey. I trust him.

    18. 18
      Posted by guest | July 24, 2009 at 1:45 PM

      If his fund is doing so great why can’t he at least return cash with redemptions from 3/31. Didnlt yesterdays story say he agreed in October to return 12.5% a quarter yet he only paid 1%.
      Has he actually proved he’s using the cash to invest in new PIPE deals? I doubt it.
      Peter

    19. 19
      Posted by guest | July 24, 2009 at 2:12 PM

      These returns are not as good as Medallion which I completely and totally believe. Really I do.

    20. 20
      Posted by guest | July 24, 2009 at 3:07 PM

      @17. Einstein graduated from state school and worked in Jersey, bitch.
      -CR

    21. 21
      Posted by guest | July 24, 2009 at 3:44 PM

      Well, you know those returns are real because he had those three down months in 2000

    22. 22
      Posted by guest | July 24, 2009 at 4:44 PM

      I was just reading the other reports out on this fund today. It’s clear as day Dealbreaker has the most inside information on this story. What’s up with the WSJ claiming they known all and not giving DB some love about reporting regulators have been inspecting these guys for a year.

    23. 23
      Posted by guest | July 24, 2009 at 4:59 PM

      re 18 his new operating agreement limited the distributions to 12.5% of available cash which is a lot less than 12.5% of investments.
      Glad to see that the SEC and FBI are after him.

    24. 24
      Posted by guest | July 25, 2009 at 5:03 PM

      http://blogs.reuters.com/commentaries/2009/07/25/was-sec-slow-to-probe-nir-group/
      Great column by Goldstein on PIPE schemes(past SEC NIR probes) and a nice reminder that Dealbreaker really moved the story along in its reporting this week.

    25. 25
      Posted by guest | July 26, 2009 at 4:27 PM

      what happens if you’re all wrong

    26. 26
      Posted by guest | July 30, 2009 at 12:36 PM

      This isn’t likely to be a ponzi scheme. He does real deals – search the internet (even if there’s a lot of lawsuits). The issue – if there’s a problem – is valuation.
      His accounting statments contain a paragraph by the auditing firm (which is real)that state valuations are solely provided by the manager and taken at face value. When NIR does a convertible reset deal, the stock price (already quite low) plummets – which gives them (theoretically) more shares in the conversion. So, there are likely situations where the stock is trading at fractions of a penny and they own millions of shares – effectively, the whole company. So, they are likely marking it as not having a loss b/c the reset protects them – but realistically, it’s not worth much and you certainly can’t sell it.

    27. 27
      Posted by guest | August 3, 2009 at 11:19 AM

      Here are many of the companies AJW funds invests in
      http://nirgroup.blogspot.com/

    28. 28
      Posted by guest | August 4, 2009 at 3:04 PM

      So, what happened to this fund? Were they free of charge, I guess?

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