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Comment: Paperback; binding is tight; the first 36 pages have some underlining and margin notes, the remaining pages are unmarked; the text is very readable; ( the prior owner may have gotten bored at page 36); covers have slight edge wear; a very useable book; DSB 8/24 author is Tobe
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Kentucky Fried Pensions: A Culture of Cover-up and Corruption Paperback – July 16, 2013

4.6 4.6 out of 5 stars 6 ratings

Kentucky Fried Pensions is my new book that follows my journey as the first public SEC whistleblower as I attempt to use the new Dodd-Frank law to clean up the culture of cover-up and corruption in Kentucky Pensions. It explores the national links between corruption in investments via placement agents and corruption in underfunding that plague states like Illinois and Kentucky. It explores the Kentucky Employee Retirement System (KERS) for State Workers the worst funded state plan in the country (worse than any single IL plan) and how others can learn from its current death spiral. It also discusses the need for a Federal Bailout which is currently being discussed for Detroit and Chicago. It looks into the lack of transparency as evidenced by no disclosure of holdings in SAC Capital buried in a Blackstone fund for nearly a year after the scandal broke. It connects a placement agent network to New Mexico, California (CALPERS) Illinois, New York, Connecticut and Rhode Island. The book has received glowing reviews in Forbes and Public Sector Inc. and has made the non-fiction bestseller list in Kentucky.
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Editorial Reviews

Review

Book Interview- "Kentucky Fried Pensions" by Public Sector

"Anyone still unconvinced that Public Pension Policy cannot make for extremely colorful copy should read this book. " Steve Eide of Public Sector Inc

Podcast and Transcript at
publicsectorinc.org/podcasts/070613tobe.php#.UgOxn9K1E-s

Book Review- "Kentucky Fried Pensions" - Forbes

There are many on Wall Street and in state capitals who will be uncomfortable with the findings in this book--which which may be reason enough for buying it.

forbes.com/sites/edwardsiedle/2013/08/08/kentucky-fried-pensions/

About the Author

Chris Tobe currently runs his own investment consulting firm Stable Value Consultants. and writes an investment column for the Wall Street Journal's Marketwatch. He graduated with a MBA in Finance and Accounting from the Kelly School of Business at Indiana University Bloomington and a BA in Economics from Tulane. Before starting his investment career he served on the campaign staff of Congressman Lee Hamilton and as his intern to the Joint Economic Committee of Congress in Washington D.C. In 1997 he joined State Auditor Ed Hatchett's Senior staff as his investment specialist and published a 40 page report on the investments of both the Kentucky Retirement Systems and the Kentucky Teachers Retirements Systems. He wrote a number of papers from this experience including one in the Kentucky Gazette entitled "Why Kentucky Needs a Strong Treasurer" In 2008 he was named by Governor Beshear to serve as a Trustee for the $13 billion Kentucky State Retirement system and finished out his term in 2012. Recently he has consulted to major public plans in Texas and Maryland with his firm Stable Value Consultants. 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 2001-2008 he worked with Public Plans such as Montana, Pennsylvania, LA County, Cook County, Chicago, Ohio, Vermont, & Memphis. While at Fund Evaluation group 1999-2001 he worked with Public University Endowments at Purdue, U. of South Carolina, Indiana State and U. of Memphis. He has published articles on public pension investing in the Financial Analysts Journal, Journal of Investment Consulting, Journal of Performance Measurement, and Plan Sponsor Magazine. He has given over a dozen presentations on Public Pension investing to a number of national groups and conferences including one recently at the Ohio State Law School. He has the taught the MBA investment course at the University of Louisville, and is the former President of the CFA society of Louisville. As a public pension trustee in 2010 he completed the Program for Advanced Trustee Studies at Harvard Law School and in 2011 he completed Fiduciary College held at the Rock Center at Stanford University.

Product details

  • Publisher ‏ : ‎ CreateSpace Independent Publishing Platform (July 16, 2013)
  • Language ‏ : ‎ English
  • Paperback ‏ : ‎ 232 pages
  • ISBN-10 ‏ : ‎ 1483964752
  • ISBN-13 ‏ : ‎ 978-1483964751
  • Item Weight ‏ : ‎ 13.6 ounces
  • Dimensions ‏ : ‎ 6 x 9 inches
  • Customer Reviews:
    4.6 4.6 out of 5 stars 6 ratings

About the author

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Christopher B Tobe CFA
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Chris Tobe and his wife Lisa Scott Tobe a Neurosurgery Nurse Practitioner at the University of Louisville Trauma Center together have 6 children and reside in Anchorage, Kentucky. Chris was born in Kentucky and has been involved in civic and political issues for over 20 years.

Tobe currently runs his own investment consulting firm Stable Value Consultants. and writes an investment column for the Wall Street Journal’s Marketwatch. He holds both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. He graduated with a MBA in Finance and Accounting from the Kelly School of Business at Indiana University Bloomington and a BA in Economics from Tulane.

Before starting his investment career he served on the campaign staff of Congressman Lee Hamilton and as his intern to the Joint Economic Committee of Congress in Washington D.C. In 1997 he joined State Auditor Ed Hatchett’s Senior staff as his investment specialist and published a 40 page report on the investments of both the Kentucky Retirement Systems and the Kentucky Teachers Retirements Systems. He wrote a number of papers from this experience including one in the Kentucky Gazette entitled “Why Kentucky Needs a Strong Treasurer” In 2008 he was named by Governor Beshear to serve as a Trustee for the $13 billion Kentucky State Retirement system and finished out his term in 2012.

Recently he has consulted to major public plans in Texas and Maryland with his firm Stable Value Consultants. 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 2001-2008 he worked with Public Plans such as Montana, Pennsylvania, LA County, Cook County, Chicago, Ohio, Vermont, & Memphis. While at Fund Evaluation group 1999-2001 he worked with Public University Endowments at Purdue, U. of South Carolina, Indiana State and U. of Memphis. He has published articles on public pension investing in the Financial Analysts Journal, Journal of Investment Consulting, Journal of Performance Measurement, and Plan Sponsor Magazine. He has given over a dozen presentations on Public Pension investing to a number of national groups and conferences including one recently at the Ohio State Law School. He has the taught the MBA investment course at the University of Louisville, and is the former President of the CFA society of Louisville. As a public pension trustee in 2010 he completed the Program for Advanced Trustee Studies at Harvard Law School and in 2011 he completed Fiduciary College held at the Rock Center at Stanford University.

Chris and his wife Lisa are both involved in FEAT (Families for Effective Autism Treatment) and Special Olympics. Chris is a long time Board member of COPES a drug prevention education non-profit, and serves on the Investment Committee of the Delta Tau Delta Educational Foundation. He has served as the President of Louisville Third Century, was named as a 40 under 40 top business leader by Louisville Business First and graduated from the Bingham Fellows program for community leadership.

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  • Reviewed in the United States on October 27, 2013
    Very well written, clearly the author is highly educated as well as insightful on real-work issues: he has insights into how things should be run and an understanding of shenanigans. Should be read by anyone dealing with pensions anywhere in the US, not just Kentucky.
    3 people found this helpful
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  • Reviewed in the United States on September 1, 2013
    Informative and alarming. It cites corruption, mismanagement, and lack of transparency as causes of a severe problem in KY pensions.
    3 people found this helpful
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  • Reviewed in the United States on October 28, 2013
    Chris Tobe takes no prisoners in this book and loads it with names, places, events, and actual dollar amounts to provide an entertaining expose of either villians, or good people working as public employees who allowed it to happen. If you are a taxpayer in Kentucky, you should read this book......and take very good notes.....highly recommended, and I promise you will not bored!
    3 people found this helpful
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  • Reviewed in the United States on July 4, 2014
    Interesting book
    One person found this helpful
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