One month into their new relationship, Legg Mason Capital Management and ClearBridge Investments are merging two of its funds into one. 

The Legg Mason subsidiaries, which announced plans to merge its operations in mid-January, will merge Legg Mason Capital Management All Cap (SPAAX) with ClearBridge Large Cap Value (SINAX) on or around July 19, pending shareholder approval, according to a Morningstar report. 

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