Fri, Apr 28, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Troubled fund of funds firm Common Sense may lose another investor

Wednesday, September 18, 2013

amb
James Allan Bisenius
Komfie Manalo, Opalesque Asia:

Common Sense Investment Management is set to lose another investor after its CEO Jim Bisenius got embroiled in a prostitution sting and was arrested by authorities more than two weeks ago.

In a report, Business Journal said that a confidential memo from Portland-based wealth manager Arnerich Massena told clients he was planning to end its more than 20-year relationship with the fund firm, following the arrest of Bisenius and the funds’ recent poor performance. Arnerich’s clients invest in several Common Sense funds.

The report quoted Arnerich Massena’s memo as saying, "(We) will continue to monitor the situation closely and will provide updates on any changes at (Common Sense) and to our recommendation as we learn more. While our continuous due diligence of (Common Sense Investment Management) has never given us reason to question the firm's integrity or their safekeeping of our clients' assets, Mr. Bisenius' arrest raises serious concerns in spite of the fact that everyone is innocent until proven guilty under the American legal system."

Bisenius founded Common Sense Investment Management, a fund of funds manager based in Oregon, 23 years ago. The firm manages $3.2bn in assets under management, down from $3.9bn last year and $4.2bn billion in 2011, says ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  3. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  4. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob