Wall Street's Big Guns: Why Cerberus Sticks With Its Firearms

By
Devin Banerjee
and
David Carey
  • Its company sold $1.01 billion worth of guns and ammo in 2014
  • Many public pension funds no longer will touch gun makers

An attendee looks through the scope of a Freedom Group Inc. Bushmaster rifle during the 2013 National Rifle Association (NRA) Annual Meetings & Exhibits at the George R. Brown Convention Center in Houston, Texas, on May 4, 2013.

 Photographer: Aaron M. Sprecher/Bloomberg

Way up in a New York high-rise, inside the headquarters of Cerberus Capital Management, Stephen A. Feinberg had reached a sobering conclusion: The guns had to go.

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