Manhattan Madam Eyes Second Go At Hedge Funds

Sep 28 2011 | 10:43am ET

Is the Manhattan madam mulling a return to the hedge fund world?

The short answer from Kristin Davis, the one-time hedge fund and administration executive who left the industry to try her hand as a prostitution maven, is yes. Davis told that she would welcome an opportunity to get back into hedge funds.

But Davis, who worked at Brookhaven Capital Management and hedge fund administrators Conifer Securities and Bisys Hedge Fund Services, said she wouldn't launch her own hedge fund, saying it was outside of her expertise.

Davis, who has recently finished her second book, which deals with her former employees in the sex trade, said she's been scared straight. Despite the occasional phone call from a would-be John, Davis told HFN, "anybody who spent any time in Rikers Island would have learned their lesson the first time around."

While ruling out a return to the oldest profession, Davis—despite a dismal seventh-place finish in last year's New York gubernatorial election—said she's still interested in the line of work of her highest-profile client, former New York Gov. Eliot Spitzer, politics. Davis is currently mulling a run for New York City mayor and said she'll continue to seek the Empire State's highest office until it legalizes both prostitution and marijuana.

During her conversation with HFN, Davis weighed in on one of the big issues facing her former industry: the Dodd-Frank financial regulation reform law. Unlike many hedgies, Davis backs it, saying it would "protect investors."

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