Uwchlan Township Police Pension Plan, Exton, Pa., hired Vanguard Group as investment manager, said Susan M. Bernhard, township manager.
The $9 million pension fund issued an RFP in November. The previous manager, BlackRock, did not rebid. Vanguard does not have discretionary authority over the investment management of the pension fund and reports to the board.
Other finalists were Conrad Siegel Actuaries, PFM Asset Management and Univest Bank.