Saturday, May 23, 2015

Mayor Welcomes Financial Firm To New City Headquarters

Mayor Nutter just had a little gathering in City Hall to welcome Penn Capital Management Company, a financial firm that is relocating from Cherry Hill in July to offices in the former Philadelphia Naval Yard. "Even in these current economic conditions, firms are still interested in what Philadelphia has to offer," Nutter said.

Mayor Welcomes Financial Firm To New City Headquarters

Mayor Nutter just had a little gathering in City Hall to welcome Penn Capital Management Company, a financial firm that is relocating from Cherry Hill in July to offices in the former Philadelphia Naval Yard.  "Even in these current economic conditions, firms are still interested in what Philadelphia has to offer," Nutter said.

The firm, which counts the city's pension fund as one of its clients, will bring 60 employees to Philadelphia.

Speaking of the pension fund, PhillyClout asked company officials what they think about the controversial Deferred Retirement Option Program [DROP], which has caused quite a dust-up in City Council this week.

"Don't even think about responding to that," Nutter told the firm's leaders with a chuckle.

About this blog
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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