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Philadelphia Pension Board Sets Reform Standards for Continued Investment in Gun Industry Stocks
Philadelphia Inquirer 
Jan. 24, 2013
"The board established procedures to track whether the companies are complying with the principles, and to dump its investments within 15 months if the companies fail to comply. Between its direct investments and holdings in hedge funds that invest in gun makers, distributors and retailers, the city owns about $15 million in gun-related investments, about one-quarter of 1 percent of its total portfolio, according to a staff analysis. Besides well-known gun makers like Smith & Wesson, the list extends to major retailers like Walmart."
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