It will be interesting to see if institutional investors respond to pressure to unload their stakes in gun manufacturers.

Cerberus Capital Management LP reacted immediately in the aftermath of the Newtown, Conn., school shooting tragedy by announcing it would sell its stake in the company whose AR-15 type Bushmaster rifle was used in the massacre.

Who will be next?

We are wondering if hedge fund wunderkind Charles P. Coleman III will feel pressure to sell his recently acquired shares of gun maker Sturm Ruger & Co. Mr. Coleman’s Manhattan-based Tiger Global Management LLC purchased 800,000 shares – more than 4 percent – in the company during the third quarter of 2012, according to regulatory filings.

The acquisition occurred in the same quarter that a gunman killed 12 people and injured 58 others inside a movie theatre in Aurora, Co.

The interesting thing about Mr. Coleman is that in addition to being a hedge fund manager and Republican Party donor he is also a board member of the Hospital for Special Surgery in New York City, a leader in orthopedic operations.

Tiger is hardly the only hedge fund that owns shares in gun manufacturers. Hedge titan Renaissance Technologies LLC owns major stakes in Ruger and Smith & Wesson Holding Corp., according to the most recent data available. And even the largely benevolent Vanguard Group owns major shares in gun manufacturers – and not just in passive index funds (Vanguard Explorer owns a 1 percent stake in Ruger).

But Mr. Coleman may be one of few major institutional weapons investors participating on the board of an organization that deals with the aftermath of gunshots and other trauma.