CEO of $2.7bn hedge fund investor arrested in vice sting

Common Sense Investment Management, a $2.9bn investor in hedge funds, said founder James A. Bisenius will continue to run the firm after he was arrested in a prostitution sting last week.

Bloomberg reports that Bisenius, 62, was among nine people charged on 29th August in Tigard, Oregon, Jim Wolf, a spokesman for the city’s police department said.

Police had placed online advertisements that day for paid sex, waited for the accused to show up at a hotel in Tigard and arrested Bisenius in the evening, he said.

'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', Dean Derrah, president of Common Sense, said in an e-mailed statement. 'Jim Bisenius’ recent personal transgression bears no reflection on this outstanding team of professionals or the quality of portfolio management at CSIM'.

To access the complete Bloomberg article hit the link below

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