HARTFORD, Conn. (AP) — Massachusetts Treasurer Steve Grossman has directed the state pension fund to review any investments in gun, ammunition and other companies in response to the killings last week of 20 children and six adults in a Connecticut elementary school.
Grossman stopped short of calling for divestment in gun companies. He said it's the duty of the $51 billion fund to maximize investment returns for retirees, but he said the violence in Newtown should force policymakers at all levels to make changes.
He said Wednesday he was motivated by "the physical, emotional and moral outrage, the collective shudder, the outpouring of emotion and anger and frustration" that immediately followed the killings at Sandy Hook Elementary School.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
