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Mass., Conn. Review Pension Fund Gun Holdings

gun and moneyHARTFORD, Conn. (AP) — The treasurers of Connecticut and Massachusetts are among those reviewing public pension investments in response to the fatal shootings of 20 children and six adults in a Connecticut elementary school.

Massachusetts Treasurer Steve Grossman said Wednesday he’s directed a review of investments in gun companies. He didn’t call for divestment. He said it’s the duty of the $50 billion fund to maximize returns for retirees, but he won’t ignore the values of Massachusetts residents.

Connecticut State Treasurer Denise Nappier also said in a statement she’s reviewing investments in gun-related businesses. She said she’s concerned that companies the pension fund invests in are considering public safety and “the well-being of our children.” She said good corporate citizens also “can sustain our shareholder value over the long haul.”

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WGGB encourages readers to share their thoughts and engage in healthy dialogue about the issues. Comments containing personal attacks, profanity, offensive language or advertising will be removed. Please use the report comment function for any posts you feel should be reviewed. Thank you.
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