State Treasurer Lockyer wants pension funds to purge some gun investments

Sacramento Bee
Treasurer Bill Lockyer has asked the state's two largest public pension funds to purge their portfolios of gun manufacturers that make firearms that are illegal in California. Lockyer, a board member of both the public employees' and teachers' retirement systems, made the request Monday afternoon following revelations that CalSTRS has a stake in the company that makes rifles like the one used in last week's Newtown, Conn., school shooting. CalSTRS has put a combined $600 million into investments set up by a hedge fund firm that in turn put some of the money into a global firearms conglomerate, Freedom Group. Freedom Group's holdings include Bushmaster Firearms International.
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