Hazleton (Pa.) Firemen’s Pension, Police Pension and Non-Uniform Pension Plans hired Glenmede Trust Co. as investment manager, said Hazleton Mayor Joe Yannuzzi.
The pension funds have about $25 million in assets combined.
An RFP was issued in August.
Incumbent ASCO Financial was a finalist, but did not score as high as Glenmede, Mr. Yannuzzi said. He didn’t elaborate.
Glenmede will also provide advisory services, Mr. Yannuzzi said.
