NYC Mayor Urges City Pension Funds to Divest Gun Stocks

Saturday, December 5, 2015 5:40 pm | < 1 Minute Read

Surrounded by New York state politicians, New York City Mayor Bill de Blasio, center, takes questions from the media during a news conference about Homeland Security funding in New York, Monday, March 2, 2015. (AP Photo/Seth Wenig) — New York City Mayor Bill de Blasio (C) takes questions from the media during a news conference about Homeland Security funding in New York, in this file photo. (AP Photo/Seth Wenig)

New York City Mayor Bill de Blasio urged the city’s pension funds on Friday to divest their holdings in stocks of gun makers after last 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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