AdultVest
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2005 |
| Founder | Francis Koenig |
| Headquarters | Beverly Hills , United States |
Area served | Accredited investors with capital exceeding one million dollars |
Key people | Francis Koenig (Founder) |
| Products | Investment funds connected to the sex industry |
AdultVest, Inc. is an investment management company headquartered in Beverly Hills, California. Established in 2005 by former hedge fund expert Francis Koenig, the firm specializes solely in investments connected to the sex industry. Its clientele consists exclusively of accredited investors prepared to commit capital exceeding one million dollars. AdultVest has earned distinction by receiving the Hedge Fund Launch of the Year Award.
Accusation
In January 2009, The Atlantic published a report citing Koenig’s claim that AdultVest achieved a 50% return.[1] Nonetheless, Business Insider raised doubts about this assertion, highlighting that Koenig linked the gains to asset valuations including iPhone-based adult content startups and unsold web domains.[2]
Exoneration
Private equity publication FINAlternatives and an SEC correspondence clarified that Koenig’s 50% figure was misrepresented; it actually referred to an increase in the per unit buy-in price, indicating fund development.[3] Following a review of AdultVest’s financial records, the SEC concluded its investigation in April 2010, officially clearing Koenig of any wrongdoing.[4]
External links
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedAtlantic - ↑ Weisenthal, Joe (2009-01-06). "Porn-Investing Hedge Fund Claims 50% Return". The Business Insider.
- ↑ "Porn Hedge Fund Founder Defends Investment Decisions". FINtech. FINalternatives. 2009-04-08.
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedBusiness Insider