McKinsey Considers Sale of In-House Asset Manager MIO After Years of Controversy and $23 Billion AUM

McKinsey & Company is contemplating the sale of its in-house asset manager, MIO, which has been under scrutiny for several years. This decision comes amid ongoing controversies surrounding the firm. The asset manager reportedly has $23 billion in assets under management (AUM). The potential sale reflects McKinsey's effort to address these issues and possibly reshape its investment strategies. The Financial Times has reported on this development, indicating that the sale is a significant consideration for the consulting giant.