McKinsey Hands Over Its $20 Billion Investment Arm to Neuberger

McKinsey & Co. agreed to hand control of its $20 billion investment arm to Neuberger Berman, after decades of managing the fortunes of the consulting firm’s current and former partners...

By Silla Brush · Bloomberg Markets

McKinsey & Co. agreed to hand control of its $20 billion investment arm to Neuberger Berman, after decades of managing the fortunes of the consulting firm’s current and former partners in sophisticated hedge fund and alternative strategies.