divestiture

Calif. Teachers Fund Moves to Divest From Firearms

Posted on 01/10/2013 by | General News | Comments

Bulletin TodayBy Judy Lin of The Associated Press SACRAMENTO, Calif. (AP) — The nation’s largest teacher pension fund took the first step Wednesday toward divesting from companies that make guns and high-capacity ammunition magazines that are illegal in California. State Treasurer Bill Lockyer made a motion to begin the divestment process after pension fund officials determined that the fund invests in the owner of a company that manufactured one of the weapons used in the Connecticut school shooting. The California State …