AdultVest, Inc. is an investment management company based in Beverly Hills, California.[1] It was founded in 2005 by former hedge fund specialist Francis Koenig as an institutional investment company focusing exclusively on sex industry related investments.[2] The firm is a former winner of the Hedge Fund Launch of the Year Award.[1] Only accredited investors may invest in the fund; it caters to investors willing to invest more than one million dollars.[2] AdultVest participates in mergers and acquisitions, and operates the only on-line investment community, with over 4,500 registered investors and 1,000 adult entertainment companies seeking investments, mergers, and acquisitions.[1] According to Koenig, the adult entertainment industry is worth more than $12 billion.[2] This is contradicted by studies in 2001 which put the total (including video, pay-per-view, Internet and magazines) between $2.6 billion and $3.9 billion.[3]
[edit] References
- ^ a b c "AdultVest, Inc. Closes Priapus Investment Fund, LLC". Fox Business. 2008-11-11. http://www.foxbusiness.com/story/adultvest-closes-priapus-investment-fund-llc/. Retrieved 2009-07-05. [dead link]
- ^ a b c Sloan, Paul (2007-02-13). "Getting in the Skin Game". CNNMoney.com. Cable News Network LP, LLLP. http://money.cnn.com/magazines/business2/business2_archive/2006/11/01/8392016/index.htm. Retrieved 2007-03-07. "... Francis Koenig, a onetime Wall Street hedge fund executive now based in Los Angeles, believes there are riches to be made by matching investors with "adult entertainment" companies."
- ^ Ackman, Dan (2001-05-25). "How Big Is Porn?". Forbes.com. Forbes.com. Archived from the original on 2001-06-09. http://web.archive.org/web/20010609221146/http://www.forbes.com/2001/05/25/0524porn.html. Retrieved 2007-11-08. "$2.6 billion to $3.9 billion. Sources: Adams Media Research, Forrester Research, Veronis Suhler Communications Industry Report, IVD"
[edit] External links
- www.AdultVest.com
- Johansmeyer, Tom (January 2009). "Dirty Sexy Money". The Atlantic. The Atlantic Monthly Group. http://www.theatlantic.com/doc/200901/porn. "His fund (with a mix of public and privately held assets) is up 50 percent this year, he says, based on 'very conservative' outside appraisals."
- Weisenthal, Joe (2009-01-06). "Porn-Investing Hedge Fund Claims 50% Return". The Business Insider. http://www.businessinsider.com/2009/1/porn-investing-hedge-fund-claims-50-return. – contradicts the 50% growth claim made in Atlantic Monthly
- Barnett, Megan (2009-04-08). "Porn or Ponzi?". bizjournals. Condé Nast. http://www.portfolio.com/views/blogs/daily-brief/2009/04/08/porn-or-ponzi/. "... Koenig's operation, which he calls the adult industry's first hedge fund, is just another fraud."
- "Porn Hedge Fund Founder Refutes Fraud Claims". FINalternatives. Stone Street Media. 2009-04-08. http://www.finalternatives.com/node/7519. "Sources close to AdultVest Inc. ... say that it is spending investor money on more than just investments, and that what investments there are don’t account for the returns it claims."
- "AdultVest Basks In Glow Of ‘iPorn Girls’". FINalternatives. Stone Street Media. 2009-06-16. http://www.finalternatives.com/node/8229. "'There is almost no money left in the fund,' an investor said. 'Koenig has an American Express black card through the company that he uses on partying, girls and high living. Most money is missing and iPorn.com is not worth what he says it is.'"
