Chris Tobe, CFA, CAIA is a top expert on DC investing serving as an expert in a dozen 401(k) ERISA Cases mostly involving Stable Value.  Tobe’s book The Consultants and Plan Sponsors Guide to Stable Value is the first book published on the topic since 1998 

 He has been quoted on Stable Value in the Wall Street Journal, Barron’s and Market Watch has testified to the DOL and SEC on Target Date funds and stable value.

With his firm Stable Value Consultants (sometimes in partnerships with other firms), was involved in reviewing DC lineups for plans from $200 million to $10 billion.  Completed major DC projects for State of Maryland and State of Texas ERS.  Completed major corporate DC projects for one of the world’s largest major auto companies and a large paper company

 

At AEGON Institutional Markets (Transamerica) he oversaw Client Service to stable value fixed income managers and plan sponsors including GM, IBM, Johnson & Johnson, Montana, Pennsylvania, LA County, Cook County, Chicago, Ohio, Vermont, & Memphis

 

PRESENTATIONS

Target Date Funds   CIEBA   January 2010  Washington DC

SEC-DOL Joint Hearing on Target Date Funds  Washington DC  July 2009


PUBLICATIONS


Books

Consultants Guide to Stable Value    


Articles & Papers



The Big Loophole in the DOL Fee Disclosure Regulations, October 26, 2012

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2167341


Did the SEC and S&P Let 14 States Destroy Their Pensions? Stable Value Consultants Whitepaper June 10, 2012  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2081150



Stable Value: Blast to the Past or Too Big to Fail? December 23, 2011 Benefits Magazine, Volume 48, No. 12, December 2011, pp. 34-38 

Comments to GAO on Stable Value Paper March 2011 Stable Value Consultants Correspondese

ERISA Fee Compliance Audit- mini white paper  February 2011 Stable Value Consultants Whitepaper


Comments on DOL Fiduciary Rules  December 2010 http://www.dol.gov/ebsa/pdf/1210-AB32-020.pdf


Comments to SEC on Stable Value Derivatives Study November 2010 Stable Value Consultants Correspondese


NAGDCA SV brochure takes a wrong turn  September 2010  Stable Value Consultants Whitepaper


Financial Crisis and Subsequent Regulations effect on Stable Value Stable Value Consultants Whitepaper

Target Date Funds Written Testimony SEC-DOL Joint Hearing on Target Date Funds  July 2009 http://www.dol.gov/ebsa/pdf/BCAP061709.pdf


http://www.sec.gov/news/press/2009/2009-138.htm

Stable Value  Written Testimony submitted to ERISA Advisory Committee June  2009

www.sec.gov/comments/4-582/4582-2a.pdf


The Consultants Guide to Stable Value by Christopher B. Tobe, CFA The Journal of Investment Consulting Vol.7 No. 1 Summer 2004  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=577603



Mutual Fund Directors Governance Changes In U.S. For Independent Directors Could Improve Performance And Lower Costs   Corporate Governance - An International Review, January, 2000  Used in World Bank Training at
http://info.worldbank.org/etools/docs/library/156006/pillars/pdfs/bib/tobe.pdf  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=192531


Choosing the Right Investment Consultant: Is Your Investment Consultant Working for You?  Foundation Focus Volume IV: 3: 2001 http://www.case.org/irf/foundfocus/choosing.cfm

Tracking Error- Assessing Index Fund Performance   The Journal of Investment Consulting, Vol. 2, No. 1, Nov. 1999  Christopher Tobe    (Reprinted in CIMA designation curriculum readings 2000 for the Investment Management Consultants Association) http://papers.ssrn.com/sol3/papers.cfm?abstract_id=181509



LITIGATION SUPPORT



Consulting to Plaintiffs firm on ERISA class action case involving excessive fees in 401(k) plans with general and separate account stable value.


Consulting to Plaintiffs firm on ERISA class action case involving using mispriced mislabeled MBS and Private Mortgages in a fraudulent manner


Consulted to large financial institution on StableValue vs. other large institution Case using mispriced mislabeled MBS and Private Mortgages


Consulted to Plaintiffs firm on ERISA class action case involving bundled Life Insurance 401(k) overcharging own employees


Consulted to Plaintiffs firm on Class Action ERISA case involving bundled Life Insurance 401(k)


Consulted to Defendant Insurance Company in COLI/BOLI Case making case hedge funds were not insurable


Consulted to one Stable Value Fund manager on purchase sale agreement and arbitration surrounding it


Consulted to defendant Bank Trust Department on Fiduciary breach case