[ernie]

Not sure this got posted but Cerberus is selling Bushmaster and the California Teachers pension fund managers are backing away from such investments.

"It is apparent that the Sandy Hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level," Cerberus Capital Management said in a statement.
Cerberus will hire advisers to carry out a sale of the company, and return the money to its investors, which include the California State Teachers' Retirement System (CalSTRS).


The investment firm said it was not seeking to influence the debate on gun control but had decided to sell Freedom Group to protect the interests of its clients, which also include the pension plans of other municipal workers, endowments, institutions and individuals.



CalSTRS, which manages the pensions of California public schoolteachers, said Tuesday that its internal policies require it to consider the "social, human and environmental impacts" of where it invests its money.



"Moving forward CalSTRS will work to ensure that all of our investments are taking these very important criteria into consideration," CalSTRS said in a statement.

http://money.cnn.com/2012/12/18/news...html?hpt=hp_t2