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Monday, 6 June 2016

McKinsey is under fire for a secret USD 5 bn fund

Global consultants (and BFFs of Mohamed bin Salman) McKinsey is in the spotlight after having built up “a secretive USD 5 bn internal investment arm that manages the fortunes of its past and present partners, raising questions over possible conflicts of interest,” the Financial Times reports. The story is an FT exclusive so far, and the McKinsey Investment Office hides in the open with this (barely) 2pp landing page, which notes that the institution “is managed independently, and all its activities are separate from McKinsey’s consulting operations.”

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