New York City mayor urges city pension funds to divest gun stocks

New York Mayor De Blasio attends a news conference about the two NYPD police officers who were fatally shot in the Brooklyn borough of New YorkNew York City Mayor Bill de Blasio urged the city’s pension funds on Friday to divest their holdings in stocks of gun makers after this week’s mass shooting in San Bernardino, California. Two of the funds in the city’s $155 billion pension system dropped their holdings in gun manufacturers such as Smith & Wesson Holding Corp and Sturm Ruger & Co Inc after the Sandy Hook school shooting in 2012.

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