AdultVest Basks In Glow Of ‘iPorn Girls’

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.

The iPorn Girls arrive at the Apple WWDCThe iPorn Girls arrive at the Apple WWDCAdultVest 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.

RELATED STORIES

Hedge Fund AdultVest Unveils Free Porn Service
Porn Hedge Fund Founder Refutes Fraud Claims
Porno Hedge Fund Closes To Investors, Sequel Planned
Smutty Hedge Fund Buys iPorn.com


In Depth

Q&A: Executive Recruiter Talks Hedge Fund Closures, Hiring Trends

Dec 19 2014 | 6:58am ET

This year, hedge funds have been closing at a rate not seen since the financial...

Lifestyle

Cooper-Hohn Won't Contest Divorce Settlement

Dec 18 2014 | 9:51am ET

The ex-wife of hedge fund billionaire Christopher Hohn will not contest a divorce...

Guest Contributor

Alternative Investment Funds Face A Communications Imperative

Dec 19 2014 | 6:10am ET

A handful of the top alternative investment firms on both sides of the Atlantic...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.