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New England News
Mon December 24, 2012
Massachusetts State Pension Fund Has Little In Gun Stocks
Like many states, Massachusetts is looking at its investments in the firearms industry in the wake of the Sandy Hook School shootings. WAMC’s Paul Tuthill reports
The $51 billion Massachusetts public employee pension fund has about $ 28 million, or .05 percent invested in companies related to the firearms industry. The report was released by Massachusetts State Treasury Steven Grossman, who had sought the review of the pension fund’s portfolio. Grossman, in a statement said no decision had been made on a divestment, or using the pension fund’s leverage to influence gun manufacturers. Grossman called for reinstatement of the federal ban on assault weapons that lapsed in 2004.