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Phila. firm to oversee $2.6B in NFL retirement plans

PFM Asset Management L.L.C., which counts former Philadelphia Eagle tight end John Spagnola, among its managing directors, won a contract to manage $2.6 billion for NFL Player Retirement Plans, the Philadelphia company announced.

Former Philadelphia Eagles tight end John Spagnola gives Brielle Albus, 8, of Northampton a high-five before signing an autograph in 2013. Spagnola is a managing director of a firm that has won a contract to manage $2.6 billion in NFL retirement plans.
Former Philadelphia Eagles tight end John Spagnola gives Brielle Albus, 8, of Northampton a high-five before signing an autograph in 2013. Spagnola is a managing director of a firm that has won a contract to manage $2.6 billion in NFL retirement plans.Read moreClem Murray/Staff Photographer/File
    Inquirer
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PFM Asset Management L.L.C., which counts former Philadelphia Eagle tight end John Spagnola, among its managing directors, won a contract to manage $2.6 billion for NFL Player Retirement Plans, the Philadelphia company announced.

Overall, PFM manages $13.7 billion. The NFL contract calls for PFM to manage more than $1 billion on a discretionary basis for the NFL Player Annuity Program and $1.6 billion for other funds on a nondiscretionary basis, which means that PFM will not make the investment decisions.

- Harold Brubaker

    Inquirer