Axa Rosenberg has found a new home.

Charles Schwab Investment Management has signed an agreement with the $1.4 billion fund family to become the advisor to the fund family. Meanwhile, Axa Rosenberg will remain responsible for the management of the funds through a sub-advisory relationship.

This announcement is another example of an ongoing trend among investment managers at niche fund firms to partner with larger firms to take over their marketing, back office and distribution reposibilites. Last month, Forward Management adopted two mutual funds from Pictet International Management in a similar move.

ˇ§We are delighted with this partnership and excited about the opportunities it presents,ˇ¨ said Ted Lyman, president of the AXA Rosenberg Funds. ˇ§Over the past decade, AXA Rosenberg has worked hard to expand our reach through the launch of new funds, which enabled us to bring our global investment expertise to U.S. mutual fund investors. By joining efforts with Schwab, we are taking the next logical step to extend our investment capabilities to a broader investment audience, while ensuring that our fund shareholders will continue to be well served.ˇ¨

The funds being adopted by Schwab are:

U.S. Small Capitalization Fund (USCIX/ BRSCX/ LIFUX)

U.S. Discovery Fund (RDISX/ RDIVX)

U.S. Large Capitalization Fund (AXLIX/ AXLVX)

Enhanced 500 Fund (REDIX/ REFIX)

International Equity Fund (REQIX/ RIEIX)

„X International Small Capitalization Fund (ICSIX/ RISIX)

European Fund (AEUIX/ AXEIX)

U.S Large/Mid Capitalization Long/Short Equity Fund (SSMNX/ RMNIX)

Value Long/Short Equity Fund (BMNIX/ BRMIX)

Global Long/Short Equity Fund (MSMNX/ RMSIX)

U.S. Long/Short Equity Fund*  

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