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The Boston Globe

Business

Shootings in Connecticut

Mass. to review pension holdings in weapons firms

As gun makers took a financial drubbing in the wake of the Newtown, Conn., shootings, Massachusetts Treasurer Steve Grossman directed the state pension fund Tuesday to review its investments in any companies in the firearms industry.

Investors have reacted strongly to the killings this week, battering the stocks of publicly traded gun makers and prompting the private equity firm Cerberus Capital Management on Tuesday to pledge to sell the nation’s largest gun company, maker of the semi-automatic weapon used to kill 20 children and 6 adults at the Sandy Hill Elementary School. Cerberus also controls the Steward Health Care System in Massachusetts.

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