Hartford Funds hired Schroders as subadviser for some of the firm’s funds, a Hartford spokeswoman said.
The funds, which include equity, fixed income and multiasset investments, had $2.2 billion in assets under management as of March 31 and will be renamed Hartford Schroders Funds.
The deal is expected to be completed by the end of the third quarter, subject to shareholder approval.
Hartford Funds had a total of $73.6 billion in AUM as of March 31.
