Fund Of Fund Manager Caught In Prostitution Bust

Sep 5 2013 | 1:18pm ET

An Oregon fund of hedge funds manager has been arrested in a prostitution sting operation.

James Bisenius is one of nine men nabbed last Thursday by police in Tigard, Ore., a suburb of Portland. Bisenius and his fellow alleged johns were picked up when they arrived at a hotel in the city after responding to online advertisements put up by the police.

It is the second prostitution sting this year in Tigard.

Bisenius is the CEO and chief investment officer of Common Sense Investment Management. The $2.9 billion firm said yesterday that it stood behind him.

"Jim Bisenius' recent personal transgression bears no reflection on this outstanding team of professionals or the quality of portfolio management at CSIM," the firm's president, Dean Derrah, said. "Going forward, the firm's partners have decided that Jim will remain in his role as chief executive officer and chief investment officer and he will deal with this recent event as the personal matter that it is."

Bisenius' wife, Janet, is the majority owner of Common Sense, which counts a number of prominent endowments and pension funds among its clients. The couple donated $22,000 in 2004 to support a ballot initiative banning same-sex marriage. The constitutional amendment passed.

Bisenius faces up to one year in prison and a $5,000 fine if convicted.


In Depth

Hedge Fund Veteran Peter Borish Talks Trading

Dec 17 2014 | 9:32am ET

Peter Borish says 2014 was “tricky” from a trading perspective. “The best...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.