Continuing the recent trend of firms taking over as investment advisors for existing funds, Charles Schwab Investment Management, Inc. has just finalized a long-discussed deal to grab the reigns of AXA Rosenberg Funds and thus created a new fund network, Laudus Funds.

According to the companies, it is the largest in the history of mutual fund adoptions. (See "M&A’s Still Strong Among Smaller Players," MME 10/27/03).

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