AN X-RATED HEDGE FUNDThe hottest new hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" may also be the raciest. The $7.9 billion AdultVest, one of four firms in the running for Alternative Investment News' Hedge Fund Launch of the Year award, invests only in the adult entertainment industry. Recently, it purchased iPorn.com, an Internet site that enables users to import flicks to their mobile phones, computers, or MP3 players A digital music player that supports the MP3 format, which was the audio format that started a revolution in online music downloads and distribution. All portable music players, the iPod being the most popular, support MP3 along with one or more other audio formats. . AdultVest also snapped up an equity stake in VCG VCG vectorcardiogram. VCG vectorcardiogram. Holdings, which operates gentlemen's clubs across the country. "It's a market untapped by Wall Street," says AdultVest CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Francis Koenig. "There are 6 billion people on the planet, and most of them participate in adult entertainment." 
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