Battle Creek (Mich.) Police and Fire Retirement System hired Allspring Global Investments to run about $4 million in active domestic small-cap value equities.
The $158 million pension fund's board approved the hiring at its Nov. 21 meeting, recently released meeting minutes show.
Funding comes from the termination of Goldman Sachs Asset Management from a similar portfolio due to performance concerns and organizational changes, according to the minutes.
GSAM spokeswoman Mary Athridge declined to comment.
Investment consultant CAPTRUST Financial Advisors assisted.
Lily Vardell, pension administrator, could not be immediately reached for further information.
