Hedge Fund N I R Group Scores Highest Percent Increase
Thursday, March 8, 2007 : PermalinkAs combined assets at the largest U.S. hedge funds finally crossed the trillion-dollar mark, some are doing better than others. According to the bi-annual hedge fund survey by industry publication, Absolute Return, N.Y. based NIR Group scored the biggest increase in raw percentages, a 789% increase.
New York - The hedge fund survey shows that 241 firms, each managing more than $1bn, held a combined total of nearly $1,200bn as of January 1.
N.I.R. Group, run by Corey Ribotsky, manages a handful of Roslyn, N.Y. hedge funds with $630 million under management and approximately $622 million in PIPEinvestments.
Ribotsky also launched a credit opportunities fund last year. Under his direction, the firm raised more than $3 billion for the fund, expanding to $3.62 billion from $407 the previous year earlier, a 789% increase.
Ribotsky, 36, is the Managing Member of N.I.R. Group, LLC, a boutique investment management firm. Mr. Ribotsky has been investing in public companies since 1992. Prior to becoming a member of N.I.R., Mr. Ribotsky was a member of the investment management firm, The Rainmaker Group, LLC located in Red Bank, New Jersey.
The N.I.R. Group has offices in Roslyn, New York. Both R&C Advisors, LLC and R&C Investors, LLC are based in New York.
Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net
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