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Crypto plunge is cautionary tale for public pension funds

MINNEAPOLIS (AP) When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies, with the fund's chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned.Harris, 62, has attended the funerals of 34 firefighters killed in the line of duty. He was already worried about his pension after an overhaul by ....

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Cryptocurrency plunge a cautionary tale for U.S. public pension funds

When the Houston Firefighters Relief and Retirement Fund bought $25 million in cryptocurrencies with the fund’s chief investment officer touting their potential, retired fire Capt. Russell Harris was concerned. He was already worried about his pension after an overhaul by state and city officials cut payments as they grappled with the ability to pay out […] ....

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