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Rating:Post-Deal Munder Swallows a $210M Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 17, 2011

Post-Deal Munder Swallows a $210M Fund

Reported by Neil Anderson, Managing Editor

Fundsters may not be surprised to hear that Munder Capital Management [see profile] is collapsing a mutual fund from Integrity Asset Management into one of Munder's own. Last year Birmingham, Michigan-based Munder bought Louisville, Kentucky-based Integrity (see The MFWire, 12/2/2010), and today Munder filed to collapse the $210.32 million Veracity Small Cap Value Fund into the $131.67 million Munder Small-Cap Value Fund [see filing].

The Veracity board approved the merger, and shareholders can vote on the merger at a special meeting on April 7. 

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