Teachers Fund Reconsiders $500M Firearms Investment
Samantha Oltman | December 18, 2012
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In the aftermath of Friday’s deadly school shooting, the California teachers pension fund — the largest teachers’ retirement fund in the United States — is rethinking its $500 million investment in Cerberus, a private equity firm that owns a gun manufacturer called Freedom Group, according to this story in the LA Times. After the teachers pension fund announced Monday that it was reviewing its investments, the firm said Tuesday that it plans to sell the gun manufacturer.