Monday, 20 October 2014
Last updated 2 days ago
Jun 16 2009 | 2:13am ET
Not content to let its bikini-clad publicity stunt last week speak for itself, adult entertainment industry-focused hedge fund AdultVest has put out a press release, complete with photos of its sexy spokesmodels enticing attendees at an Apple developer’s conference in San Francisco.
AdultVest sent the five “iPorn Girls” to the Worldwide Developer’s Conference to flog its iPorn mobile Web application for the iPhone. iPorn users are treated to thousands of free adult videos on their iPhones; the smutty service is planned for other mobile devices later this summer.
According to Beverly Hills, Calif.-based AdultVest, the developers awaiting admission to San Francisco’s Moscone Center “gave a very warm welcome to the iPorn Girls, taking pictures and posting them on the Web.” And the press release says the girls aren’t the only ones getting thumbs up, noting that the mobile iPorn Web site “is meeting with rave reviews.” More than 36,000 people have signed up to get iPorn on their iPhones, the hedge fund said.
“Taking on the challenge of a startup was a major risk,” AdultVest CEO Francis Koenig said. “We dedicated a full year to getting the iPorn project off the ground. It appears our first startup venture is beginning to pay off.”
“AdultVest investors who backed the iPorn venture should be very pleased with the results,” he added.
AdultVest’s Priapus Investment Fund was named Institutional Investor Magazine’s “Hedge Fund Launch of the Year” last year. But sources close to the firm told FINalternatives earlier this year that AdultVest founder Francis Koenig was looting the fund to pay for his lavish lifestyle.
“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.”
Koenig has denied that there is anything untoward about AdultVest, other than its smutty investments.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...