According to a recent press release, both funds opened to investors July 1, and are sub-advised by Munder Capital subsidiary Integrity Asset Management. The performance of the Munder Integrity Mid-Cap Value Fund will be benchmarked against the Russell Midcap Value Index, and the Small/Mid-Cap Value Fund against the Russell 2500 Value Index.
Munder acquired Ohio-based Integrity Asset Management earlier this year. The firm, which had $3.7 billion in assets under management as of March 31, has been named one of “The Best Managers You Never Heard Of” by PLANSPONSOR magazine, and its Small/Mid Cap Value strategy was recognized as a Bull & Bear Master Top Gun in the Small-Mid Value Universe by PSN, the investment manager database division of Informa Investment Solutions.
“The portfolio management team at Integrity Asset Management has been recognized by the investment industry for the discipline of its value approach and for the success of its small- and mid-cap strategies,” said Jim FitzGerald, President and Chief Operating Officer of Munder Capital. “Munder’s launch of these two new funds allows us to help leverage their exceptional expertise, and provides a compelling expansion of our small- and mid-cap fund offerings.”