fox29.com
70%
500
Why the crypto plunge is a cautionary tale for public pension funds
FUYANG, CHINA - JUNE 26, 2022 - Photo taken on June 26, 2022 shows US dollars and bitcoin in Fuyang, Anhui Province, China. (Photo credit should read CFOTO/Future Publishing via Getty Images) 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.