South Korea's 519.7 trillion won ($441 billion) National Pension Service named Blackstone Alternative Asset Management, BlackRock Alternative Advisors, Grosvenor Capital Management and UBS Hedge Fund Solutions as finalists for the Seoul-based fund's planned initial allocations to hedge fund-of-funds managers, an NPS spokeswoman confirmed Monday.
The spokeswoman said two of the four finalists will be selected as early as July for a combined allocation of $1 billion.
