Fairfax County (Va.) Employees Retirement System hired Barclays Global...

Fairfax County (Va.) Employees Retirement System hired Barclays Global Investors to manage $62 million in its Global Ascent Fund, a portable alpha strategy overlaid with EAFE futures, said Laurnz A. Swartz, executive director. Officials for the $2 billion fund decided to move the money from its $186 million developed markets international equities allocation. Partial funding came from terminating Lazard Asset Management, which managed $25 million in international equities; the balance was in EAFE futures.