An X-Rated Hedge Fund

摘要

The hottest new hedge fund may also be the raciest. The $7.9 billion AdultVest, one of four firms in the running for Alternative Investment News' Hedge Fund Launch of the Year award, invests only in the adult entertainment industry. Recently, it purchased iPorn.com, an Internet site that enables users to import flicks to their mobile phones, computers, or MP3 players. AdultVest also snapped up an equity stake in VCG Holdings, which operates gentlemen's clubs across the country. "It's a market untapped by Wall Street," says AdultVest CEO Francis Koenig. "There are 6 billion people on the planet, and most of them participate in adult entertainment."