IL Reviewing Pensions for Gun Investments

WKMS | By The Associated Press,

Whitney Jones

Published December 21, 2012 at 7:23 AM CST

Illinois public pension fund managers are reviewing their portfolios for investments in gun manufacturers after last week's Connecticut school shooting. Illinois State Board of Investment Executive Director William Atwood says the agency's $12 billion portfolio includes about 84,000 shares worth $1.7 million in three gun-makers — Olin, Sturm Ruger and Smith & Wesson. Spokesman Dave Urbanek says the teachers' system is reviewing its $37 billion portfolio for connections to other gun-makers. Neither Atwood's agency nor the Teachers' Retirement System does business with Cerberus Capital Management, the private-equity firm that announced this week it would sell the maker of the rifle used in the Connecticut school massacre.

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Whitney Jones

Whitney grew up listening to Car Talk to and from her family’s beach vacation each year, but it wasn’t until a friend introduced her to This American Life that radio really grabbed her attention. She is a recent graduate from Union University in Jackson, Tenn., where she studied journalism. When she’s not at WKMS, you can find her working on her backyard compost pile and garden, getting lost on her bicycle or crocheting one massive blanket.

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