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Marco Consulting’s Jason Zenk to join EnTrustPermal

Jason T. Zenk will join EnTrustPermal as senior managing director – corporate strategy later this month, to build a team to assist the hedge funds-of-funds manager's clients in hedge fund portfolio construction.

It is a new position.

EnTrustPermal's focus increasingly is on creating individualized investment portfolios in response to demand from its largely institutional client base, said Gregg S. Hymowitz, chairman and CEO.

Mr. Zenk was CEO of Marco Consulting Group and elected not to join consultant Segal Rogerscasey after the latter firm acquired Marco on Jan. 3.

Mr. Zenk and his team will be based in Chicago, Mr. Hymowitz said.

EnTrustPermal manages about $26 billion in hedge funds of funds.