Nevada PERS appoints new CIO with backing of passive pioneer Stephen Edmundson

The Nevada Public Employees Retirement System has named Lauren Larson as its new chief investment officer. Larson steps into the role as the pension fund oversees $73.6 billion in assets. She takes over for Stephen Edmundson, who has served as the system's previous investment chief.

Edmundson remains with the organization, transitioning into the position of executive director. During his tenure as CIO, Edmundson gained recognition for moving the fund toward a largely passive investment strategy. His shift in leadership marks a notable change in the internal hierarchy of the pension system.

The appointment reflects the latest leadership update for the Carson City-based institution. Larson now oversees the portfolio strategy as the system balances its long-term financial obligations. Market observers will watch how the fund continues to manage its substantial holdings under this new leadership dynamic.