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Bill Lockyer

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Calpers votes to sell stake in two gun makers

SACRAMENTO, California (Reuters) - The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in two manufacturers of guns and high-capacity ammunition clips banned in California.The move affects about $5 million in investments in Smith & Wesson Holding Corp and Sturm, Ruger & Co at the $254 billion California Public Employees' Retirement System, best known at Calpers.The vote follows a divestment motion by Calpers board member, investment committee member and California State Treasurer Bill Lockyer in response to the massacre at Sandy Hook Elementary School in Newtown, Connecticut in December.Lockyer said divestment by Calpers would be largely symbolic given the amount of money involved but argued to fellow investment committee members that it would hold "special meaning" for school faculty and employees who are members of the pension fund.Lockyer also sits on the board of the California State Teachers' Retirement System, which decided l...

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  1. Investors ask oil majors for offshore drilling safety plans

    By Scott MaloneBOSTON (Reuters) - A group of investors including the two largest U.S. public pension funds asked 27 top oil and gas companies Thursday to disclose wh...

  2. Calif. Treasurer on Unemployment

    California State Treasurer Bill Lockyer on how the Golden State can avoid another round of I.O.Us.

  3. California , JPMorgan Agree on $1.5B Loan

    LA Times Financial Columnist Tom Petruno weighs in on California's budget problems.

  4. Calif. Treasurer : NOT Asking for Bailout

    California State Treasurer Bill Lockyer on lawmakers' plan to close the $21 billion budget gap.

  5. California Treasurer Talks Budget Troubles

    Lockyer on Economy

  1. Cali Treasurer : Things Aren’t Fine, They’re Better

    California State Treasurer Bill Lockyer argues that the Golden State’s economy is on the uptick.

  2. Golden State Gets Burned By Solyndra

    California State Treasurer Bill Lockyer on his call to suspend the energy tax exemption.

  3. Cali State Treasurer : Pensions Not Entirely Unfunded

    Bill Lockyer , California State Treasurer , on pension reform and his take on the unfunded pensions in the state.

  4. Can California Recover in 2011?

    David Crane, Special Advisor to Gov. Schwarzenegger, discusses whether the Golden State can tame its spending issues in the New Year.

  5. California budget deal ends record impasse

    By Jim ChristieSACRAMENTO, Calif., Oct 1 (Reuters) - A top California lawmaker said on Friday the state's leaders had reached a final agreement on closing a $19.1 bi...

  6. ANALYSIS-NJ-SEC settlement lacks bite, could spur lawsuits

    By Joan GrallaNEW YORK (Reuters) - The U.S. Securities andExchange Commission's settlement with New Jersey over flawedbond disclosures has left experts questioning w...

  7. California delays $3 bln for local governments

    By Jim ChristieSAN FRANCISCO (Reuters) - Local governments in California are scrambling to respond to the state government's decision to delay nearly $3 billion in f...

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