CORRECTED-NY state's public pension fund freezes gunmaker investments-DiNapoli

Tue Jan 15, 2013 5:34pm EST

(Corrects to make clear holdings are in index fund)

Jan 15 (Reuters) - New York state's $150 billion public pension fund will stop buying shares of publicly-traded firearms manufacturers, including Sturm Ruger & Company Inc, New York State Comptroller Thomas DiNapoli said on Tuesday.

The state pension fund has holdings, in an index fund, of 45,325 shares of Sturm Ruger valued at about $2.2 million, he said in a statement.

Public pension funds have been examining and in some cases divesting their firearms holdings in the wake of the deadly Connecticut grade-school shooting in December. (Reporting by Hilary Russ; Editing by Claudia Parsons)

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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