NYC teacher pension pulls money from gun manufacturers-CFO

NEW YORK Fri Feb 15, 2013 10:33am EST

NEW YORK Feb 15 (Reuters) - New York City's $46.6 billion teacher pension fund has pulled its money out of publicly traded firearms manufacturers, becoming the largest U.S. public pension fund to do so in response to December's school shootings in Connecticut, the city's top financial officer said on Friday.

According to New York City Comptroller John Liu, the five companies from which the fund divested are Alliant Techsystems Inc., Olin Corp., Forjas Taurus SA, Smith & Wesson Holding Corp. and Sturm, Ruger & Co.

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Comments (1)
JL09 wrote:
hahaha – they sold before RGR and SWHC earnings reports – which will be the best in the history of both companies. and we all thought teachers were smart!!!!!!!

Feb 15, 2013 10:46am EST  --  Report as abuse
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