McKinsey Says Internal Fund Independent, Responding to FT Report

  • ‘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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.