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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

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

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of