Larry Krummen is the Chief Investment Officer for the Missouri Department of Transportation and Highway Patrol Employees’ Retirement System (MPERS), where he is responsible for the management and oversight of the system’s $2.3 billion investment portfolio. Since joining MPERS in 2003, he has restructured the portfolio into a diversified and sophisticated investment program with investments across global equities, fixed income, hedge funds, private equity, and real assets. During his tenure, he has transformed MPERS’ investment portfolio from a historically underperforming fund to one that consistently ranks among the top performing funds in the peer universe. Through the efficient use of alternative investment strategies, Larry has also reduced MPERS’ overall risk profile. The combination of improved returns and reduced risk has helped MPERS’ portfolio generate a risk-adjusted return (Sharpe Ratio) that ranks among the top 6% of the peer universe over the ten year period ending in 2018. In 2016, Larry’s efforts to improve the system’s performance were recognized by CIO Magazine, awarding MPERS the “CIO Industry Innovation Award” for public funds under $15 billion in assets.

In addition to his accomplishments at MPERS, Larry has a unique set of educational accomplishments and prior work experience. Prior to joining MPERS, he was the Director of Investments for the Missouri State Treasurer’s Office, managing a $3.0 billion fixed income portfolio. His passion to improve performance was evident with the Treasurer’s Office as well, where he was instrumental in passing legislation to enhance the portfolio’s securities lending program. Prior to his work for the State of Missouri, he worked as an Investment Officer at Central Bank, a budget analyst at the Missouri Senate, and lobbied for the Missouri Chamber of Commerce.

Larry earned his Bachelor of Science in business administration with a dual major in finance and real estate from the University of Missouri, graduating magna cum laude with a cumulative GPA of 3.87. He also holds the Chartered Financial Analyst (CFA) charter holder designation.