California public teachers own 6% of company that makes the Bushmaster .223 rifle

[SidDithers]

9. Cerberus to sell gunmaker Freedom Group after shootings

http://business.financialpost.com/2012/12/18/cerberus-to-sell-gunmaker-freedom-group-after-shootings/?utm_source=dlvr.it&utm_medium=twitter

U.S. private equity firm Cerberus Capital Management is selling its investment in gunmaker Freedom Group, whose AR 15 rifle was used in a U.S. school massacre last week, following pressure from a major investor.

The California State Teachers’ Retirement System (CalSTRS) said on Monday it was reviewing its investment with Cerberus in the wake of Friday’s shooting in Newtown, Connecticut which claimed 27 lives, including 20 school children.

CalSTRS, the second largest pension fund in the United States, had invested $751.4 million with Cerberus by the end of March 2012, according to its website.

Looks like the teachers are reviewing their investment policy. That's good.

Sid