None of its actively managed funds — in which a manager actually decides to make investments in a particular company — has a
stake in a gun manufacturer.
DiNapoli and previous comptrollers have used the fund as a vehicle for social change in the past, divesting funds from South Africa during the apartheid era, and from tobacco companies, as well as freezing and then ending
investments in guns manufacturers after the Sandy Hook Elementary School shooting.
The aftermath of the tragic shooting followed similar patterns: politicians sent their thoughts and prayers to the victims and discussed «the difficult issue of mental health ``, and the price of
shares in gun manufacturers went up.
We know the revelation that the Florida Retirement Pensions System had a small
investment in gun manufacturers is an embarrassment to that organization and to the government of Florida.
The outcry after the shooting has sparked public pressure on corporations who offer discounts to the NRA as well as asset managers who
invest in gun manufacturers.
Over the past several weeks, there has been a lot of talk about investors ridding themselves of their
shares in gun manufacturers and retailers after the school shooting in Parkland, Fla..
Blackstone Group, another Wall Street investment firm, sent an email to fund managers over the weekend, asking them whether they have any
stakes in the gun manufacturers.
Meanwhile, the state comptroller says he's thinking of divesting the state's pension fund from investments
in gun manufacturers.