Hedge Crunch Financial

The NIR Group, headquartered in Roslyn, New York has recently announced the opening of a new office in Singapore. The appointed head of the office in Singapore, Shoham Cohen, will identify new opportunities for investments throughout Asia, including Japan, Hong Kong, Taiwan and Singapore. Mr. Cohen will be looking for investment partners and creating strategies for investments in the huge Asian market.

Under the direct guidance of Corey Ribotsky, Managing Member of the NIR Group, Mr. Cohen comes to the alternative investment firm with over eight years of experience investing in the Asian sector. According to Mr. Cohen “There are a large number of opportunities to copy what the NIR Grop as successfully accomplished in the United States. The investment community is constantly looking for alternative investments in expectation of providing consistent absolute returns.”

According to Mr. Ribotsky, “Shoham has great experience growing businesses in Asia. We have confidence that he can and will do the same for NIR. His extensive knowledge of the Asian marketplace will be essential as we continue to expand our presence here in Asia.”

Long Island is experiencing the same private equity boom which is influencing business takeovers as the rest of the country as other sources of capital dry up and companies continue to go, or consider going, private. As hedge funds look for investment opportunities in private industry, Long Island investment firms are ready to play their role.

The President of Northwood Ventures, based in Syosset, Long Island, Peter Schiff,  said the private equity boom is being keenly felt on Long Island.

“Overall, the private equity market is very active,” Schiff said. “Our marketplace is very active. We’re working with smaller companies.”

Corey Ribotsky, head portfolio manager of the NIR Group, of Roslyn, New York is also involved in the excitement. Having over ten years of experience in these types of investments makes the NIR Group especially well positioned to benefit from the current economic reality.

As companies go private they are not only in need of investment forms to ease the way. Law firms and accounting firms are also benefiting from the trend, and many Long Island firms are participating.