New Hampshire Retirement System Director of Investments Announces Retirement

Larry Johansen has served at the fund in the role for over 12 years.

The New Hampshire Retirement System (NHRS) sent out a press release today announcing that Larry Johansen, director of investments at the fund for the past 12 years, will retire on Sept. 1. NHRS will now begin a nationwide search to find Johansen’s replacement.

Under Johansen’s leadership, the fund consistently achieved returns above the assumed return of 6.75%, averaging 9.3% returns over the past 10 years, net of fees. From June 30, 2010, to June 30, 2021, the NHRS trust fund’s assets grew from $4.9 billion to $11.6 billion. 

Tim Lesko, chair of the NHRS Board, praised Johansen’s performance in the press release.

“His experience and leadership skills have contributed to the growth and diversification of the fund, with a focus on maximizing investment returns while minimizing risk,” Lesko said.


Tags: , , ,