N.D. public pensions invested in pair of gun makers

2012-12-25T19:00:00Z 2012-12-26T08:08:07Z N.D. public pensions invested in pair of gun makersThe Associated Press The Associated Press
December 25, 2012 7:00 pm  • 

BISMARCK, N.D. — The North Dakota agency that oversees pension funds for state employees and public school teachers says it is invested in two gun companies.

Teacher and public-worker retirement funds across the country are reviewing their investments in gun makers in the wake of the Connecticut school shootings that killed 26 people.

Data from the North Dakota Retirement and Investment Office show the agency’s $3.79 billion portfolio includes about 3,100 shares worth more than $39,000 in two gun-makers: Sturm Ruger and Smith & Wesson.

Interim Chief Investment Officer Darren Schulz says in a statement that the agency has not had discussions among its clients concerning changes to policy in response to the tragedy in Connecticut.

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