Finalists chosen in hedge fund search

Educational Employees’ Supplementary Retirement System of Fairfax County, Springfield, Va., selected Gottex, Grosvenor, Permal Group, Crestline Investors and GAM International as finalists in its search for two hedge fund managers to run a total of $50 million, said Alan Belstock, executive director. The source of funding has yet to be determined. The $2 billion fund has a 7.5% target allocation to hedge funds. New England Pension Consultants assisted with the invitation-only search. The firms will be interviewed in January, and a selection is expected by Feb. 21.