WTVQ Picks Up the Tosh Story

Let me give a note of thanks to Heather MacWilliams, at WTVQ-36, for following up on my post about Adam Tosh.

WTVQ got the following response from Bill Hanes about the Tosh hiring.

("Any reason you guys left out on the press release that you sent out to the media, you left out the whole part about MDL?)

"We don't believe it's relevant," says KRS Executive Director William Hanes. “His relevance to us is his experience and knowledge that he gained by working for a public pension system quite frankly. He worked for treasury and that was somewhat related but his work at MDL was just a carry on for what he did for the public systems and quite frankly we're more interested in what his work experience was with the public retirement system," Hanes continued.

Hanes says to his knowledge Tosh had no involvement with the hedge fund in question.
"We've had ample discussion with Adam in the process. Board members were concerned about that issue and we explored it and found that he was not involved... I don't believe he was involved. He's an excellent candidate and we're happy to have him as our Chief Investment Officer," says Hanes.

Hanes says Tosh was hired from a pool of 39 candidates and did a complete background check on him prior to his employment."

"The search committee recommends to me the individual that's most qualified and quite frankly I think we've got a very qualified person."

Neither Tosh nor MDL returned messages seeking comment.

Looks like Hanes is doing the usual smoke and mirrors act with this hire. Hanes' answer that he doesn't have any direct knowledge of Tosh's involvement and that he really doesn't think that Tosh working for a company that lost public money in hedge fund applies to Tosh's current job is completely consistant with the way KRS is being run.

I can't wait for Heather to get Jody Richards' comments about his involvement in the Tosh hiring.