Breaking News Bar
posted: 1/16/2013 5:43 PM

Chicago pension fund might drop weapons holdings

hello
Success - Article sent! close
 
Associated Press

SPRINGFIELD -- The Chicago Teachers' Pension Fund board plans to vote tomorrow on whether to divest itself of holdings in firearms manufacturers.

Investments Director Carmen Heredia-Lopez said the fund's $9.5 billion portfolio includes about $146,000 invested in Sturm Ruger & Co. and Smith & Wesson Holding Corp.

The Teachers' Retirement System of Illinois, which covers teachers outside Chicago, conducted a similar review that shows $77,000 invested in three gun makers out of a $38 billion portfolio.

Spokesman Dave Urbanek said TRS will provide the data to board members as information and not with a staff recommendation.

The California teachers' retirement fund voted to cut off gun-company investments after 20 schoolchildren were killed in a mass shooting in Connecticut last month.

Share

Interested in reusing this article?

Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.

The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.

Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Name * Company Telephone * E-mail *

Message (optional)

Success - Reprint request sent Click to close
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here