麦肯锡200亿美元业务易主，路博迈接手MIO另类投资

Core Insights - McKinsey has agreed to transfer control of its $20 billion investment business to Neuberger Berman, marking a significant expansion for Neuberger and a new chapter for McKinsey [1] - The transaction is expected to be completed by 2026, pending regulatory approval, and involves the integration of MIO's financial advisory business and approximately 280 employees into Neuberger Berman [1][2] - McKinsey's decision is influenced by the substantial growth and product expansion of MIO, which is seen as diverging from McKinsey's core consulting focus [1] Group 1: Transaction Details - The deal excludes MIO's passive index fund business, which manages approximately $6 billion, while the core assets being transferred are focused on alternative investment strategies [2] - MIO's total assets under management amount to $26 billion, with a significant portion allocated to macro trading strategies across various asset classes [2] - Neuberger Berman currently manages $563 billion in assets, and its CEO has indicated potential plans to open MIO's core strategies to new clients [2] Group 2: Historical Context and Governance - MIO has operated independently since the mid-1980s and became an independent manager for McKinsey's wealthy executives in 2000, managing retirement funds and wealth from McKinsey partners and alumni [3] - McKinsey's global managing partner expressed confidence in Neuberger Berman as the right long-term manager for MIO due to its strong investment and wealth management track record [3] - MIO has reformed its governance structure to intentionally separate its operations from McKinsey's consulting business and has ceased investing in individual stocks or bonds [5] Group 3: Regulatory Scrutiny - MIO has faced scrutiny over potential conflicts of interest with McKinsey's consulting work, leading to a $18 million settlement with the SEC regarding allegations of failing to maintain proper procedures to prevent misuse of non-public information [4] - McKinsey has stated that there is a strict separation between itself and MIO, with MIO enhancing its policies and procedures in response to the SEC's findings [4]