Marco looking for emerging managers

Marco Consulting Group is searching for emerging managers for a new platform the firm is creating, confirmed Jack Marco, chairman. The consulting firm plans to initially hire five to 10 emerging investment managers across all asset classes. To be considered, firms must manage less than $500 million in total assets and have at least a three-year track record, Mr. Marco said. The new emerging managers platform will be part of MCG’s fiduciary services group, a business that oversees and manages all of a client’s institutional assets. The selected managers will initially run a total of $50 million that has been allocated by the $1.7 billion Service Employees International Union Master Pension Trust, Washington, a client of Marco Consulting.