James Allan Bisenius,

Hedge fund founder one of nine men arrested in prostitution sting

  • Jim Bisenius, who started Common Sense  Investment Management, arrested
  • Company spokesman said he will not lose his  job over it

By  Rachel Quigley Daily Mail PUBLISHED: 5 September 2013

James Allan Bisenius,Founder: James Allan Bisenius was one of nine ‘johns’  arrested last week in a prostitution sting

The founder of a $3.2million hedge fund was  one of nine men arrested in a sting operation to crack down on prostitution in  an Oregon town, according to police.

Jim Bisenius, who started Portland-based  Common Sense Investment Management in 1991, was arrested last Thursday with  eight other men at a local hotel.

Tigard cops placed advertisements for  prostitution services on websites and undercover officers answered responses  electronically and by phone.

They then waited for the ‘johns’ to show up  at the hotel – the owners of which asked for police help in curbing the  prostitution.

The goal of the operation which was to  ‘send a strong message that Tigard is not  the place to conduct this type of activity’.

A spokesman for the Tigard police  told The  Oregonian: ‘We placed an online ad and within the  first four  hours we had arrested seven people. Our decoy  officer was getting phone calls  almost immediately.’

Common Sense Investment Management told  Business  Insiderthat  Bisenius would not be fired over his arrest.

‘CSIM’s success is about a team of  committed  and driven investment professionals; not one individual,’ the statement said.

‘Jim  Bisenius’ recent personal transgression  bears no reflection on this  outstanding team of professionals or the quality of  portfolio management at CSIM.

Hedge fund: The Portland, Oregon, headquarters for Common Sense Investment Management, Inc, the company founded by Jim BiseniusHedge fund: The Portland, Oregon, headquarters for  Common Sense Investment Management, Inc, the company founded by Jim  Bisenius

‘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.’

Common Sense was the 46th largest fund  of  funds globally as of December 31, according to ranking by  InvestHedge.

The Oklahoma Municipal Employees  Retirement  fund said it was aware of the situation and is redeeming its  approximately $30  million investment.

The other eight men arrested were: James  Allen Bisenius, 62, Armando Delcid, 37, Geordie Lance Duckler, 54, Michael  Dennis Frost, 40, Lakshmiraghu Kishore Gandham, 31, Evan Douglas Gonroff, 18,  Hector Lopez, 32, Jose Manuel Rivera, 25, Steven Alan Steinberg,  43.

Property: Records show that Bisenius owns two farms ¿ Antone Ranch in Mitchell, Oregon, pictured, and Bizzy B Seven in SherwoodProperty: Records show that Bisenius owns two farms ¿  Antone Ranch in Mitchell, Oregon, pictured, and Bizzy B Seven in  Sherwood

Read more: http://www.dailymail.co.uk/news/article-2412753/Jim-Bisenius-Hedge-fund-founder-men-arrested-prostitution-sting.html#ixzz2e2pwJHKZ Follow us: @MailOnline on Twitter | DailyMail on Facebook



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