Munder Capital Loses CEO to Hedge Fund Launch

BIRMINGHAM, Mich. (HedgeWorld.com)--Jim Robinson, chief executive of Munder Capital Management, said that he is starting a fixed-income hedge fund and resigning from the mutual fund company.

Details about Mr. Robinson's hedge fund plans are unknown, but he expressed faith in Munder's continued success.

"Personally, I am excited about the prospect of managing a hedge fund and working with clients on a full-time basis again," he said in a statement.

He joined the firm 17 years ago to build Munder's fixed-income capabilities, which include a duration neutral focus strategy. Mr. Robinson's been chief executive of the management company since founder Lee Munder's departure in 2000.

Officials at Munder slated Dennis Mooradian to take over as chairman and chief executive of Munder. Mr. Mooradian is executive vice president of Comerica's wealth and institutional management division. Comerica is a majority stakeholder in Munder. Munder President and Chief Investment Officer Enrique Chang will take on the additional responsibilities and title of chief operating officer, reporting to Mr. Mooradian.

In 2000, firm founder Lee Munder left to launch his own hedge fund firm called Lee Munder Capital Group. Within two years, officials at the fledgling firm introduced three long/short equity hedge funds to investors (see ).

SBarreto@HedgeWorld.com

Contact Robert F. Keane with questions or comments at: bkeane@investmentadvisor.com.

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