placement agents http://wfpl.org en Whistleblower Disputes Retirement Officials on Placement Agent Claim http://wfpl.org/post/whistleblower-disputes-retirement-officials-placement-agent-claim <p></p><p>A whistleblower and former member of the Kentucky Retirement System’s board of trustees is disputing claims that the pension plan hasn’t used placement agents recently.</p><p>Chris Tobe is an investment expert who served on the system’s board for four years. He’s also the main witness in a Securities and Exchange Commissions investigation into KRS and its previous uses of placement agents.</p> Fri, 14 Sep 2012 19:15:35 +0000 Kenny Colston 1658 at http://wfpl.org Retirement Official Says Pensions Systems Haven't Used Controversial Placement Agents Recently http://wfpl.org/post/retirement-official-says-pensions-systems-havent-used-controversial-placement-agents-recently <p></p><p>After being heavily criticized for their use, Kentucky’s major pension program says it hasn't used a placement agent for three years.</p><p>Placement agents are investing middle men that direct pension funds to investment opportunities. Kentucky has not had a good track record with placement agents, who have been accused of mismanaging millions for the pension funds according to a 2011 audit.</p> Thu, 13 Sep 2012 17:50:24 +0000 Kenny Colston 1650 at http://wfpl.org