CDK Sells Stake To Brown Advisory

Apr 20 2012 | 2:20am ET

New York hedge fund CDK Investment Management has sold a minority stake to the Baltimore money manager it has had a partnership with for six years.

Brown Advisory will buy an unspecified chunk of CDK for an unspecified amount of money, Brown said. The deal will give Brown's clients access to CDK-crafted hedge funds.

"The broadened relationship with CDK enhances Brown Advisory's ability to provide both high net-worth and institutional clients advice on a broad range of hedge fund strategies," Brown CEO Michael Hankin said.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.