11. The decision makes Florida the second state to divest its tobacco holdings in the face of hostile legal and regulatory environment. 12. The fund has no plans to divest of its tobacco holdings, a spokesman said. 13. The New York State Common Retirement Fund said it was freezing its tobacco holdings, also citing lawsuits and public dissatisfaction as threatening the long-term value of the investments. 14. The New York State Common Retirement fund said it is freezing its tobacco holdings, and the New York teachers fund said it was scaling back its tobacco investments. 15. They noted that the state is in the process of divesting its holdings in tobacco companies and last year voted to ban tobacco holdings in public pension funds. 16. To find out we provided Robert Zevin, an economist and senior vice president of United States Trust Co. of Boston, with the tobacco holdings of both funds. 17. Three state pension funds have voted to eliminate or reduce their tobacco holdings and divestment bills are pending around the country. |
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