Federated Investors announced Monday that it has reached an agreement to acquire the $321 million Rochdale Atlas Portfolio, an international mutual fund, from Rochdale Investment Management.

Federated anticipates that it will fold assets of the Rochdale fund into the new Federated InterContinental Fund.

The sale is expected to close in the third quarter. Terms of the agreement were not disclosed.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.