Forget About the S. & P. 500; Consult the Hit Parade
David Pullman, managing director of Pullman Group, made
his fame on Bowie Bonds, in which he packaged future
royalties from David Bowie's 300-some song catalogue as
a $55 million bond. He followed it with bonds from the
Motown producing-songwriting hit machine of Brian
Holland, Lamont Dozier and Eddie Holland, authors of
"Baby Love" and "Ain't Too Proud to Beg," and from other
songwriters with enough royalties to package and sell.
Now Pullman, with Barnumesque brio, is about to announce
a similar deal, which he says will be in "eight
figures," for the hits of Nick Ashford and Valerie
Simpson, including "Ain't No Mountain High Enough" and
"Reach Out and Touch (Somebody's Hand)."
Anne Schmid, who manages bonds for private investors at
Horan & Associates in Baltimore, likens securing a bond
on royalties to hitching it to Hula Hoop sales. But
Pullman is upbeat. "Everybody and their brother has
tried to copycat us, but nobody can," he boasts.