By Jim Christie

The second largest U.S. pension fund decided on Wednesday to sell off its investments in the manufacturer of the rifle used in last month’s mass shooting at an elementary school in Newtown, Connecticut, and makers of other firearms banned in California.

The investment committee of the California State Teachers’ Retirement System (CalSTRS), a $154 billion pension fund, also voted to divest from manufacturers of high-capacity ammunition clips illegal in California.

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