{"id":36910,"date":"2013-07-23T10:17:02","date_gmt":"2013-07-23T14:17:02","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=36910"},"modified":"2013-07-23T10:21:37","modified_gmt":"2013-07-23T14:21:37","slug":"eight-hedge-funds-dump-all-gun-stocks-14-more-cut-holdings","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2013\/eight-hedge-funds-dump-all-gun-stocks-14-more-cut-holdings.html","title":{"rendered":"Eight Hedge Funds Dump all Gun Stocks, 14 More Cut Holdings"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/7TB.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-36913\" alt=\"7TB\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/7TB-300x195.jpg\" width=\"300\" height=\"195\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/7TB-300x195.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2013\/07\/7TB.jpg 640w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.Net) &#8211; Eight hedge funds and money managers have completely divested their gun holdings, valued at\u00a0$150 million, just\u00a0six months after\u00a0<em>Moms Demand Action for Gun Sense in America<\/em>\u00a0launched a national divestment campaign against manufacturers of assault weapons and high-capacity ammo clips. Fourteen more firms have scaled back their gun investments by 7.4 million shares\u201427 percent of their holdings.<\/p>\n<p>\u201cWe weren\u2019t going to let business-as-usual stand after Newtown. We put investors who were quietly propping up the gun lobby on notice, and we\u2019ve proven that public pressure can be a game-changer,\u201d<strong>\u00a0<\/strong>Public Advocate Bill de Blasio, said. \u201cThis is by no means over. The NRA used its money and political influence to distort the debate in Washington. We need to break its stranglehold on the legislative process by continuing to bring pressure on its biggest financial backers.\u201d<\/p>\n<p>&#8220;There are many ways to address the epidemic of gun violence in America, including changing federal and state laws, and pressuring American businesses to put in place policies that protect their customers. By divesting from companies that profit from sales of assault weapons and high-capacity magazines, these companies are making an investment in the safety of American children,&#8221; said\u00a0Shannon Watts, founder of<em> Moms Demand Action For Gun Sense In America.<\/em><\/p>\n<p>The number of hedge funds on de Blasio\u2019s online watch list has been reduced to 14 and the number of money managers to 21. Each of the firms listed by de Blasio holds shares in at least one of three publicly traded gun manufacturers\u2014Smith &amp; Wesson Holding Company; Sturm, Ruger &amp; Co; and Olin Corporation, according to the most recent SEC filings.<\/p>\n<p>Alex Akesson<br \/>\nEditor for\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Eight hedge funds and money managers have completely divested their gun holdings, valued at\u00a0$150 million, just\u00a0six months after\u00a0Moms Demand Action for Gun Sense in America\u00a0launched a national divestment campaign against manufacturers of assault weapons and high-capacity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,3],"tags":[],"class_list":["post-36910","post","type-post","status-publish","format-standard","hentry","category-activist-funds","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36910"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36910\/revisions"}],"predecessor-version":[{"id":36912,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36910\/revisions\/36912"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}