Texas Attorney General Greg Abbott says the Teacher Retirement System of Texas is running a deficit–$12.5 billion as of July. Yet the fund’s chief investment officer, Britt Harris, is scheduled to be one of the investment pooh-bahs speaking next week at a Dallas symposium organized by Shad Rowe and John Neill. Ticket price: $1,000 per head (though most of that is tax-deductible, since the Great Investors’ Best Ideas Foundation Investment Symposium benefits two charities). What makes the Oct. 7 deal even curiouser is the fact that organizer Rowe was given the boot as chairman of the Texas Pension Review Board by Gov. Rick Perry. Rowe–who nonetheless remains a member of the board–had been warning that many of the state’s pension funds are unhealthy. And, because all the alleged unhealthiness occurred before the current financial crisis, things could be even worse today.
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