Published December 26, 2012, 12:00 AM
ND public pensions invest in gun makers
BISMARCK (AP) — The North Dakota agency that oversees pension funds for state employees and public school teachers says it is invested in two gun companies.
BISMARCK (AP) — 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 a 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 said in a statement that the agency has not had discussions among its clients concerning changes to policy in response to the incident in Connecticut.
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