February 19, 2013 / 8:22 PM / 5 years ago

Calpers to divest holdings in makers of guns banned in California

SACRAMENTO, Calif., Feb 19 (Reuters) - The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in manufacturers of guns and high-capacity ammunition clips banned in California.

The move affects about $5 million in investments at the $254 billion California Public Employees’ Retirement System, best known at Calpers, and follows a divestment motion by investment committee member and California State Treasurer Bill Lockyer in response to the Newtown, Connecticut, school massacre in December.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below