Hedge Funds Score in Adult Entertainment

HedgeCo.Net (New York) – New Frontier Media, producer and distributor of adult themed entertainment has been put into the hedge fund spotlight. One of the company’s biggest shareholders is Steel Partners, a hedge fund run by Warren Lichtenstein, a manager with a reputation as a demanding investor and exercising shareholder rights when necessary.

His activist hedge fund has invested in over 100 companies, primarily in the United States and Japan. Lichtenstein is active in many of his investments attempting to increase transparency and corporate governance levels of publicly listed firms. Steel Partners currently has a reported $4 billion in assets under management.

Earnings at New Frontier Media (NOOF) have increased by 40%as the video porn company expects to generate revenue between $60 million and $62 million. Under the TEN trademark, the Company delivers seven full time, adult themed pay per view networks to cable and satellite operators across the United States.