The Ballad of Gary Bland

In 2003, New Mexico Governor Bill Richardson turned to an outsider to lead his state’s public funds into the modern era. Here’s how his straight-shooting state investment officer helped win the long and hard-fought battle to let New Mexico invest in hedge funds.

The chili is great,” says Gary Bland, sliding into a booth at Rio Chama Steakhouse in Santa Fe. “Try the chili.”

Bland, New Mexico’s state investment officer, would have taken his seat sooner, but he was busy working the room. The restaurant, located around the corner from the state capitol, is popular among local politicians.

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