Professor Spangler Cited by L.A. Times in Article Explaining Divestment Complications For Public Pension Funds in Response to Gun Violence

June 15, 2016—Professor Timothy Spangler was cited by the Los Angeles Times in an article addressing the complications that public pension funds, like the California State Teacher’s Retirement System, have encountered in their move to divest from companies that manufacture assault-style firearms. The article points out that pension systems can easily sell stock in publicly traded companies but have a much harder time backing out of private equity investments.

“You don’t have any right to force [the private equity firm] to sell the entire position or sell your interest,” said Professor Spangler.

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