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  • Seller
  • Buyer
  • Type
  • Date Announced
  • Seller AUM
  • Rochdale Atlas Portfolio ( Rochdale Investment Management LLC)
  • Federated Investors, Inc.
  • Mutual Fund
  • April 23, 2007
  • $2.5 Billion

Seller Details

Rochdale Investment Management LLC is a private investment counseling firm specializing in intelligently personalized portfolio management for high net worth individuals. Based in New York City with offices nationwide, Rochdale manages $2.5 billion in assets as of March 31, 2007. Working in concert with each client's financial advisor or CPA, Rochdale develops and manages a customized portfolio for each client. Investment strategies are implemented through proprietary separate accounts and funds. The firm's hallmark is providing integrity, intelligence and innovation in investment management.

Buyer Details

Federated Investors, Inc. is one of the largest investment managers in the United States, managing $237.4 billion in assets as of Dec. 31, 2006. With 148 mutual funds and a variety of separately managed account options, Federated provides comprehensive investment management to more than 5,400 institutions and intermediaries including corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers.

Transaction Summary

Federated will acquire Rochdale 's proprietary quantitative investment model used to manage the Rochdale Atlas Portfolio. Current management team members, Audrey H. Kaplan and Geoffrey Pazzanese, will join Federated and serve as co-managers of the Federated InterContinental Fund, which will continue the investment operations of the Rochdale Atlas Portfolio.

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