Thefunds to be adopted are the C&B Large Cap Value Fund, the C&B Mid Cap ValueFund and the C&B Tax-Managed Value Fund. The trio of funds has a combined total of $569 million in assets, according to a news release.
Cooke & Bieler will continue to be responsible for the investmentmanagement of the three adopted mutual funds through a sub-advisory agreementwith Wells Fargo Fund Management, LLC. Wells Fargo Funds Management, the investment advisor to Wells Fargo Funds, currently manages over $74 billion in mutual fund assets.
The adoption is expected to be finalized in mid-2004, subject to theapproval of the shareholders of the Cooke & Bieler Funds.