from avn.com (ttp://tinyurl.com/2fe7qz)

"BEVERLY HILLS, Calif. - AdultVest, a firm that seeks to match adult entertainment businesses with qualified investors, is preparing to launch a hedge fund within the next 45 days.

The fund will originate real estate loans to aid adult entertainment clubs' expansion plans in the U.S. and Canada, according to AdultVest founder Francis Koenig, who said he expects loans to range from $500,000 to $10 million.

***

The fund will offer returns based on the amount invested. For yields comprising the London Interbank Offered Rate Index plus 5 percent, the investment minimum is $5 million; for LIBOR plus 4 percent, the investment minimum is $1 million. LIBOR plus 3 percent requires $100,000, and LIBOR plus 2 percent requires $25,000. The fund will not charge fees.


Later this year, AdultVest also plans to host the first annual AdultVest Investment Conference in Los Angeles. Koenig said the conference aspires to match institutional and accredited investors with adult industry related investment opportunities. To date, the company has received interest from more than 1,000 accredited investors, and nearly 300 adult companies have pre-registered, Koenig said. "

Finance for fanbois. "I have 0.2% interest in a hand job bar in TJ and a small investment in a brothel in Nevada, what kind of tax relief do I qualify for?"

This is like a horny accountant's dream come true.

Let me tell you how this will all pan out...6 months to a year from now, we will all be intently looking over another one of Willie D's excellent pieces of financial entrail-reading (Like his JKP and Club Jenna investigations) and all chortling up our sleeves to the tune of 'How the fuck could these deluded fanbois be so fucking stupid?' after it all goes tits up and wipes out the life savings of a couple of hundred gullible schmucks.

Believe it...all that's missing is hiring Shy Love to be their spokesmodel, and they're all set.

hmmm...this has been "in the works" since 2005. also sounds more like vc than a hedge fund.

Sounds like a scam, but its not a bad idea. Properly managed, adult content could be profitable. Again let me stress, properly managed. An investment company could sheild individuals from the repurcusions of being involved in the adult world and force adult content providers to run their businesses in a non retarded way.

The guy that runs this called me last year trying to get a list of my clients so he could solicit them to invest. I asked a bunch of questions about what he knew about the adult industry. He didn't even realize that shooting porn outside the state of California could be considered illegal. Thus, investments made into an illegal operation may result in complete forfeiture of any investment into that company. For example, COHF.com.

I also asked who his legal counsel was in regards to the adult industry. He didn't have anyone advising him in that regard.

I quickly got off the phone.

Caveat Emptor.

Michael