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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Oregen FoHF Responds to CEO's Prostitution Arrest

Sep 04, 2013
Jing Chen

Oregon-based fund of hedge funds firm Common Sense Investment Management has responded to reports to the recent arrest of its chief executive and chief investment officer stemming from a prostitution scandal.

The New York Times reported that Common Sense said that James Bisenius’ “recent personal transgressions bear no reflection on [the firm's] outstanding team of professionals or the quality of the portfolio management.”  Bisenius was among nine men arrested last week in Oregon on charges of patronizing prostitutes as part of a sting operation.

The article added that Bisenius, who faces up to one year in prison and may pay up to $5,000 in fines, will remain in his roles at Common Sense.

Managing approximately $2.9 billion in assets, Common Sense has managed to keep out of the media spotlight up until this scandal since its inception in 1991.

 

 

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