NYC ELIMINATES GUN INDUSTRY STOCKS
NYC Comptroller John C. Liu has announced that the New York City Employees’ Retirement System (NYCERS) — one of the largest public pension funds in the nation — has fully divested its stock holdings of publicly traded gun and ammunition manufacturers. The sale of these assets follows a review of NYCERS’ exposure to investments in gun and ammunition makers following recent tragedies, including the school shooting in Newtown, Conn.