Common Sense Investment Management Not Sweating The Small Stuff (Its Founder Being Busted In A Prostitution Sting)

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Late last month, a guy named Jim Bisenius was surfing the web when he came across an advertisement for a prostitute. "I like prostitutes," Jim probably thought to himself and proceeded to contact the woman at the number she had listed in the ad. Unfortunately for Jim, the ad turned out to be a decoy and the woman on the other end turned out to be a cop. Will this affect his criminal record? One would think so, yes. Will it affect his position at Common Sense Investment Capital, the firm he founded in 1991? According to CSIM, no.

For more than two decades, Common Sense Investment Management (CSIM) has brought superior risk adjusted returns to our investors and clients. CSIM's success is about a team of committed and driven investment professionals; not one individual. Jim Bisenius' recent personal transgression bears no reflection on this outstanding team of professionals or the quality of portfolio management at CSIM. 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. Our investment process and decision making will continue to be made by our investment committee, which is comprised of our President, four Portfolio Managers, Director of Operational Due Diligence, Director of Risk Management and myself. All management decisions continue to be made by the management team. We look forward to building on CSIM's successful 22-year track record and creating value for our investors.

Relatedly, if you're wondering if Jimbo is the type of guy who would define marriage as the union between one man and (at least) two women, the first being his wife, the second being the woman he thought was a hooker, the answer is come on, of course he is.

In 2004, Bisenius, who is from Sherwood, OR, donated $22,000 in support of Measure 36, an initiative defining marriage in the Oregon Constitution as as a union of one man and one woman, according to FollowTheMoney.org.

Fund Manager Who Donated To Anti-Gay Marriage Initiative Arrested In Prostitution Sting [BI]
Founder of $3 billion hedge fund busted in prostitution sting [NetNet]
Tigard police arrest nine in prostitute sting [Oregon Live]

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