MIO Partners, Inc.
Penny Hu is a Financial Planning & Liquidity Analyst at MIO Partners, Inc. since July 2023, possessing a diverse background in leadership and multicultural program coordination. Penny's experience at the University of Richmond includes roles as a Multicultural Program Assistant, Student Inclusive Pedagogy Consultant, and Apartment Head Resident, where skills in event management, research, and community building were demonstrated. Notable achievements include serving as President of the Westhampton College Government Association, managing significant budgets, and advocating for student interests at high-level discussions. Additional internships in digital marketing and consulting have helped develop strong marketing and analytical abilities. Penny holds a Bachelor's degree with dual majors in Computer Science and Business Administration, focusing on Marketing from the University of Richmond.
MIO Partners, Inc.
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MIO (and related entities) is an indirect, wholly-owned subsidiary of McKinsey & Company and was formed in the early 1980s to provide asset management services for McKinsey’s retirement plan. Over time, we have expanded to support after-tax investments by McKinsey’s current and former partners, primarily by making available funds already offered in the retirement plan. Our aim was to provide partners with convenient, time-saving investment options, including access to alternative investments. Today, we are a company of approximately 200 people managing retirement and after-tax investments for roughly 30,000 current and former McKinsey employees. A key element of our operating model is that we operate at-cost, generating no profit for either MIO or McKinsey. Our incentives are aligned with those of our investors due to significant management participation in the funds.