Friday, 29 August 2014
Last updated 12 hours ago
Sep 9 2013 | 10:00am ET
Common Sense Investment Management may insist that CEO James Bisnenius' arrest in a prostitution sting is merely a "personal matter," but at least two of its clients appear to disagree.
Two public pensions with roughly $170 million combined at the $3.8 billion firm have terminated it in the wake of Bisenius' arrest last month. The Cincinnati Retirement System on Thursday voted to terminate the fund of hedge funds manager and redeem its $100 million, while the Fresno County Employees' Retirement System moved to pull about $68 million.
Both pensions made the decision following Bisenius' arrest on Aug. 1 in Oregon as part of a sting operation that netted nine alleged johns in the Portland suburb of Tigard. Common Sense, whose majority owner is Bisenius' wife, said that Bisenius would remain the firm's CEO and chief investment officer.
For its part, Fresno had already placed Common Sense on watch. The pension elected to terminate as a result of performance, a planned change in direction and the news of Bisenius' arrest.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...