Schwab picks Mondrian to run 2 new funds

Charles Schwab hired Mondrian Investment Partners to run two new institutional funds, the Laudus Mondrian Institutional Emerging Markets and Laudus Mondrian Institutional International Equity funds, according to an SEC filing. Mondrian will be the only subadviser for the two funds. Mondrian also subadvises Schwab’s $50 million Laudus Mondrian International Fixed Income Fund and $18 million Laudus Mondrian Emerging Markets Fund.