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Podcast: The Meb Faber Show - Better Investing
Episode: Indexing Nevada PERS: Steve Edmundson’s $60 Billion Strategy | #527
Description: Today’s guest is Steve Edmundson, the Chief Investment Officer of the Public Employees’ Retirement System of Nevada, which manages over $60 billion.As pension funds continue to hire more employees, pay more and more fees and build more complex portfolios, Steve is an outlier for his approach that emphasizes simplicity over complexity. He’s one of two investment professionals on staff and has indexed 100% of all publicly traded asset classes. I love it! Steve talks about the culture that allows this model to work and shares some thoughts on the rise of private markets and the imp...