UPDATE 1-California Treasurer urges CalSTRS divestment from assault weapon manufacturer

April 1, 2015 5:25 PM

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April 1 (Reuters) - California's state treasurer sent a stern letter to the state's teachers' pension fund on Wednesday, asking that the fund's managing partner, Cerberus Capital Management, fully divest from the assault weapon manufacturer, Freedom Group.

Treasurer John Chiang said he was frustrated that the manufacturer of the assault weapon used in the 2012 killing of 20 children and seven adults at Sandy Hook Elementary School in Connecticut was still indirectly financed by the California State Teachers' Retirement System.

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