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Cerberus' gun ties thrust PE firm into spotlight after Newtown

Californian pension giant Calstrs said it was reviewing a $500m investment commitment to Cerberus

The US discussion emerging on gun control has drawn one private equity firm into the spotlight.

Cerberus Capital Management created the gun manufacturing giant known as Freedom Group in 2007, a year after acquiring Bushmaster Firearms International. Bushmaster is the maker of the rifle authorities have said was used in last week's shooting rampage at Sandy Hook Elementary School in Newtown, Conn.

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