Crypto plunge is cautionary tale for public pension funds

  • Retired Houston Fire Captain Russell Harris poses for a photograph inside his workshop, where his old fire helmets hang on the wall, Wednesday, June 22, 2022, in East Bernard, Texas. (AP Photo/David J. Phillip)

  • Retired Houston Fire Captain Russell Harris poses for a photograph inside his workshop at his home on June 22 in East Bernard, Texas. (AP Photo/David J. Phillip)

MINNEAPOLIS — 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.