Neuberger Berman Agrees to Buy $26B In-house Investment Unit from McKinsey

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Neuberger Berman Group agreement to purchase MIO Partners, McKinsey & Company's asset and wealth manager for current and former employees of the New York City-based consultancy. The deal is subject to closing conditions. The move for MIO would add $26 billion in AUM, including about $20 billion in alternative investment strategies, to Neuberger Berman’s assets, which were $563 billion as of lat ...