Tuesday, June 12, 2007

There's more than one way to film a money shot.

Hedge Funds doing Hollywood? Old news. Hedge funds doing Hollywood (San Bernardino county anyways)? Now we're cooking with gas (but still less volatile gas than the one Brian Hunter was cooking with). Hope it's gonna be a hot summer for both of them.
Might expand this post after visiting the site at home...
clipped from www.dailybreeze.com
Francis Koenig, a former hedge-fund manager in New York, moved to L.A. last year with one goal: directing traditional money to a nontraditional investment.
That nontraditional investment is porn.
His Beverly Hills-based company is called AdultVest, and he said it's the first and only one geared toward matching investors and successful entrepreneurs with growing adult-entertainment companies and adult entertainers looking to start up, expand, acquire or be acquired.
"And they have absolutely no institutional financial participation, no venture funds, angle funds or private equity funds for this industry," he said.
His first convention will be later this year in Hollywood, and he's looking for actors and actresses who want to fund a production or other venture to submit a proposal to his Web site, www.adultvest.com.
The fundraising started last fall and Koenig said the money is coming in at a steady pace and there are some high-profile participants, though he declined to name names.

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