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Munder Capital Management Promotes John Adams to Chief Investment Officer, Equities.

BIRMINGHAM, Mich. -- Munder Capital Management, a leading money management firm with more than $37 billion in assets under management, announced today the promotion of John Adams to Chief Investment Officer, Equities.

Adams, who retains his position as senior portfolio manager on the large-cap value and core value investment disciplines, will be responsible for overseeing all active equity products and portfolio management teams, and for ensuring adherence to buy and sell disciplines, and monitoring portfolio construction parameters, risk controls, and equity trading. He recently restructured the firm's research staff to work with specific investment product teams, which has allowed greater concentration within their areas of specialization. This model has proven very successful with the firm's small value and mid-cap teams, who manage disciplines that are recognized among the top in their categories.

Adams, 47, has spent the great majority of his 21-year career at Munder Capital, having joined the firm as one of its earliest employees in 1987 as an institutional equity manager. Munder Capital serves as investment advisor to the approximately 30 equity and bond mutual funds within the Munder Funds family.

"Given his considerable investment expertise, financial insight and acumen, John is exceptionally qualified to assume the mantle for overseeing Munder Capital's equity investment process," said Enrique Chang, Munder Capital's President and Chief Operating Officer and its previous Chief Investment Officer, Equities. "We have instituted a number of exciting changes in the last year or so, particularly with regard to strengthening our investment processes and management teams, which will no doubt be furthered under his leadership."

Munder Capital today also announced the promotion of Kenneth Smith to Director of Technology Investments. Smith, 41, a founding member of the portfolio management team for the NetNet and Future Technology Funds, succeeds Paul Cook, who has recently left the money management profession to pursue a corporate position at a start-up technology firm. The technology funds will continue to be co-managed by Mark Lebovitz and Jonathan Woodley.

In addition, the firm announced that former portfolio managers Joe Skornicka and Tom Wald have returned to Munder Capital. Skornicka was most recently portfolio manager of the Invesco Financial Services Fund. He will be co-managing Munder Capital's large value and core value styles, as well supporting the firm's other equity strategies with regard to the financial services sector. Wald previously managed Invesco's domestic and international healthcare funds. He will hold a similar position at Munder Capital as a senior portfolio manager for the Munder Healthcare Fund with portfolio manager Suresh Rajagopal. That fund was previously sub-advised by London-based Framlington Group.

Founded in 1985, Munder Capital is a Birmingham, Michigan-based company that ranks among the top 6% of money managers worldwide, as ranked by Nelson's Directory of Investment Managers. The firm, with more than $37 billion in assets under managements, provides investment advisory services to a wide range of clients, including corporations, foundations, charitable trusts, state, municipal and county government retirement plans' insurance companies, unions and individuals. Please visit www.munder.com for additional information on the firm or The Munder Funds.

For a prospectus containing more complete information about The Munder Funds, including charges and expenses, please contact your financial advisor or call 1-800-4-MUNDER. Read it carefully before you invest or send money.

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Publication:Business Wire
Date:Feb 15, 2005
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