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Published December 26, 2012, 07:05 AM

Pensions invested in gun makers

The North Dakota agency that oversees pension funds for state employees and public school teachers said it is invested in two gun companies.

BISMARCK (AP) — The North Dakota agency that oversees pension funds for state employees and public school teachers said it is invested in two gun companies.

Teacher and public-worker retirement funds across the country are reviewing their investments in gun makers in the wake of the Connecticut school shootings that killed 26 people.

Data from the North Dakota Retirement and Investment Office show the agency’s $3.79 billion portfolio includes about 3,100 shares worth more than $39,000 in two gun-makers: Sturm Ruger and Smith & Wesson.

Interim Chief Investment Officer Darren Schulz said in a statement that the agency has not had discussions among its clients concerning changes to policy in response to the tragedy in Connecticut.

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