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New York's public pension fund reviewing gun maker investments
December 18, 2012 / 9:56 PM / 5 years ago

New York's public pension fund reviewing gun maker investments

(Reuters) - New York State’s public pension fund is reviewing its investments in firearms manufacturers in the wake of the school shooting in Newtown, Connecticut, a spokesman for New York State Comptroller Thomas DiNapoli said on Tuesday.

The fund also supports Cerberus Capital Management LP’s move to sell its stake in the Freedom Group, which makes the AR-15-type Bushmaster rifle used in the attack, DiNapoli spokesman Eric Sumberg said in a statement.

The pension fund has been an investor with Cerberus, according to a list of assets on the fund’s website.

Reporting by Hilary Russ

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