Industry News

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

News Archive

Read More Industry News >

CommonSense to Become Family Office

Jan 16, 2014
Jing Chen

Fund of hedge funds firm Common Sense has made the decision to transition into a family office after its CEO was arrested for his involvement in a prostitution scandal.

Business Journal reported that the Portland-based firm will mostly manage Jim Bisenius’ personal wealth after the completion of the transition.

Investors, including the Fresno County Employees Retirement Association, the Cincinnati Retirement System and the Oklahoma Municipal Employees Retirement Fund, requested to redeem more than 90% of Common Sense’s asset following Bisenius’ arrest in August 2012 on charges of patronizing prostitutes. The redemptions left Common Sense with less than $150 million in assets.

Founded in 1991, Common Sense’s assets under management peaked at $4.2 billion in 2010.

 

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More