California teachers pension fund tied to gun maker by investment
The fund pledged to invest $500 million in the private equity firm Cerberus, owner of the gun-making conglomerate known as the Freedom Group.
One of the group's manufacturers is Bushmaster, which produced the rifle officials say was used to kill 20 schoolchildren and six adults in a Newtown, Conn., school Friday.
"At this point our investment branch is examining the Cerberus investment to determine how best to move forward given the tragic events of last Friday in Newtown, Connecticut," said the spokesman, Ricardo Duran.
He confirmed the review to the Los Angeles Times.
The California Teachers Assn., the state's largest teachers union, declined to comment on Monday.ALSO:
-- Chris Megerian in Sacramento
Photo: A Bushmaster XM–15. Credit: Joe Raedle / Getty Images