Tobe has 25 years of institutional investment experience with a focus on Public Pension plans. Tobe currently is a retained expert on two public pension cases involving investments, funding, excessive fees and other issues.  In 2016 he completed a major project for the $40 billion Maryland Retirements System with the Hackett-Group.com  a 100% Woman- and Minority-Owned, certified DBE in a number of jurisdictions.   In 2015 with his own solo firm Stable Value Consultants he completed an investment performance review of the $26 billion Utah Retirement Systems.  He is the author of “Kentucky Fried Pensions”, a bestselling book on public pensions. In 2009-2011 he did investment consulting projects for major public plans in Texas and Maryland.  From 2008-2012 he served as a Trustee and on the Investment Committee for the $13 billion Kentucky Retirement Systems.  From 2008-2009 he was a Sr. Consultant with NEPC and worked with a number of public pension plans including Oklahoma Investment Commission, Oklahoma Tobacco Fund, St. Louis Sewer District, St. Louis Public Schools, Amtrak & City of Dearborn.  While at AEGON from 2001-2008, he worked with public plans including those in Montana, Pennsylvania, Los Angeles County, Cook County in Illinois, Ohio, Vermont and the City of Memphis.  While at Fund Evaluation Group from 1999-2001 Chris worked with public university endowments at Purdue, University of South Carolina, Indiana State and the University of Memphis.   From 1997-1999 he worked with Kentucky State Auditor Ed Hatchett and published a highly regarded report on the investments of both the Kentucky Retirement Systems and the Kentucky Teachers Retirements Systems. 

 

PRESENTATIONS


Kentucky Fried Pensions Michigan Association of Public Pension Plans  May  2015

Alternative Assets in Public Pension Plans  Aug 2014   National Association of State Legislators  Minneapolis.

Securities Lending  Opal Public Pension Conference January 2010  Phoenix

Fixed Income Indexing & Securities Lending  Super Bowl of Indexing  December 2009 Phoenix

Asset Allocation Roundtable  IFEBP Annual Confernce November 2009


Distressed Assets   IMN Public Pension Forum  March 2009

The New Face of Hedge Funds: Where Are Investors Deploying Capital.” P&I AIMSE New York February 2009

Hedge Funds in Public Pensions GAIM Hedge FundsConference Miami Public Pension Roundtable January 2009


PUBLICATIONS


Books

Kentucky Fried Pensions   


Articles & Papers


RFPs needed to prevent corruption  BY PENSIONS & INVESTMENTS | DECEMBER 10, 2012

http://www.pionline.com/article/20121210/PRINTSUB/312109982


Broken ARC, Broken Promises Stable Value Consultants May 3, 2012

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2050758


Report of Independent Counsel to SEC: Placement Agent Abuses at Kentucky Retirement System  http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2112594  March 12, 2012


'The Value of the Chartered Financial Analyst Designation' Perspectives from a Survey of Public Employee and Teacher's Retirement Systems  Financial Analyst Journal, Vol. 55, No. 2, March/April 1999 Christopher Tobe and Kenneth Miller  Kentucky State Auditor's Office


How Should Plan Sponsors Approach AIMR-Performance Presentation Standards
The Journal of Performance Measurement, Vol. 3, No. 2, Winter 1998/1999
Christopher Tobe Kentucky State Auditor's Office (Reprinted in Level III CFA Readings 2000-2002)



LITIGATION SUPPORT


Consulting to small city in case against state pension plans illegally using hedge funds, private equity as a breach of state fiduciary law.


Consulting to group of Teachers in case against state pension plans illegally using hedge funds, private equity as a breach of state fiduciary law.