Public Pensions Funds Get Judge-y About Jim Bisenius’ ‘Personal Matter’

Two have canned Common Sense Investment Management—which is owned by Bisenius’ wife—in the wake of his run-in with some cops placed strategically in a suburban Portland motel parking lot, a terrible injustice to an “outstanding team of professionals” led by a man who would never seek to impose his own moral codes on another person.

Cincinnati Retirement System trustees on Thursday voted to drop Portland hedge fund Common Sense Investment Management after the firm’s CEO, Jim Bisenius, was arrested in a prostitution sting.

Common Sense manages roughly $100 million, or 5 percent of the system’s assets, according to WCPO in Cincinnati, which first reported the story.

Fresno County (Calif.) Employees’ Retirement Association terminated Common Sense Investment Management, said Phillip Kapler, retirement administrator.

Common Sense managed about $68 million in a hedge fund-of-funds portfolio. Mr. Kapler said the firm was terminated for a combination of performance, recent news and because the $3.5 billion pension fund is heading in a different direction.

Pension fund drops Portland hedge fund after prostitution arrest [Portland Business Journal via KATU]
Fresno County Employees terminates Common Sense Investment Management [P&I]
Prostitution Arrest Costs Common Sense Two Pension Clients [FINalternatives]

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4 Responses to “Public Pensions Funds Get Judge-y About Jim Bisenius’ ‘Personal Matter’”

  1. Everyone says:

    Enough with this one, we get it.

  2. trader says:

    "firm was terminated for a combination of performance"

    What performance? Turning tricks?

  3. LDG says:

    I have know this fellow and his exceptional family very well for over 20 years. While what he has done here is stunning in its stupidity, if one considers his personal and professional life in its entirety, Jim has contributed more positively–and I mean BIG TIME positively–to to this world than just about anyone I know. In spite of this incident, this is a guy for whom I have great admiration and respect for what he has contributed to the lives of others and to organizations that do good work in this world. If you read this, Jim, keep your zipper and your spirits up, accept the swift kicks in the butt that you justly deserve, and then get on with your life. Those who know you well will stand by you. You have many years ahead of you to make amends and continue the good work you have done for decades.

    • Mohammad says:

      He is an outstanding human being.Everyone has something in their DNA as a human that make them do something stupid.The good this man has done out weighs this mistake.Yes if you have a dirty finger nail you don,t cut off the whole hand?You can,t let one situation like this define you.