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flag Varela becomes New Mexico's first female CIO to lead $71B pension fund.

flag Kristin Varela, a former CIO for Hawaii’s pension system, has been appointed New Mexico’s first female chief investment officer. flag A Pecos native and Latina, she will oversee the state’s $71 billion sovereign wealth fund and earn $455,000 annually. flag Varela succeeds Robert Smith and aims to manage investments amid global economic risks while prioritizing diversification to support New Mexico’s financial stability.

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