McKinsey Says Internal Fund Independent, Responding to FT ReportBy and
‘There is no conflict of interest,” company spokesman says
Investment office operates on ‘blind trust basis’ from firm
McKinsey & Co.’s internal investment arm, which had a net asset value of $9.5 billion at year-end, is managed independently and separately from the company’s consulting operations, the company said, responding to a Financial Times report that suggests the business poses potential conflicts of interest.
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