The information on this site is intended only for institutional investors and consultants to separately managed account investors. It is not intended for use by or distribution to members of the general public. The information on this site is for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. The information on this site is published without regard to the investment objective, financial situation or specific needs of any particular investor. The information on this site is intended for U.S. residents only and is not intended for investors in any jurisdiction in which distribution or purchase is not authorized.

Please confirm that you have read and agree to the terms above.

Thank you for your interest in Victory Capital Management. To download this document, please complete the registration form below. You will only need to complete this form one time to access site content.






  • Victory Capital may use my email to send out periodic news, announcements, and product information.

*All fields are required
Submit

Investment Approach

The Munder Multi-Capitalization strategy seeks capital appreciation through investments in companies that we believe are high-quality with the potential for above-average earnings growth, as well as current earnings momentum.

Philosophy & Process

The management team seeks to identify attractive candidates utilizing a blend of fundamental and technical indicators. Characteristics sought include: companies with 8 up quarters and/or 5 up years of EPS growth; stable to rising earnings growth; high stability of earnings, superior financial strength, attractive valuation versus peer group, and favorable technical indicators. Portfolio weighted average market capitalization is targeted to be within 35% of the Russell 3000® Index’s weighted average market cap. All portfolios are fully invested with a cash level targeted at 2% or less.
Tony Dong, CFA, Chief Investment Officer and Lead Manager, Munder Capital ManagementTony Dong is Chief Investment Officer and Lead Portfolio Manager of the Munder Capital Management investment team. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Mr. Dong has over 30 years of investment experience that includes overseeing equity strategies, portfolio management, and equity research. He successfully developed and manages investment strategies that generate alpha, control risk, and create long-term value for clients. His team has demonstrated expertise in the ability to add value through stock selection. His team’s flagship strategy has been recognized by PSN as a “Top Guns Manager of the Decade” within the mid-cap growth universe for the last five consecutive years. Mr. Dong and his team's investment strategies have also been featured in Barron’s Magazine, CNBC, and Bloomberg TV.  Mr. Dong joined Munder Capital Management in 1988 and served as a Board Member, Vice Chairman, Chief Investment Officer, and Senior Portfolio Manager.  Prior to Munder, Mr. Dong served as a portfolio manager and research analyst at Manufacturers National Bank.  

Mr. Dong holds a B.B.A. (with distinction) from the University of Michigan and an M.B.A. in finance from Wayne State University. He is a CFA® charterholder and a member of the CFA Institute and the CFA Society of Detroit.
 
Robert Crosby, CFA, Senior Portfolio Manager

Robert Crosby is lead portfolio manager for Munder Capital Management’s small-cap/mid-cap blend equity strategy and an analyst for the mid-capitalization core growth, mid-cap growth and focused small/mid-cap growth equity strategies. His sector responsibilities include energy, financials, industrials and technology. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Robert has 21 years of investment experience and joined Munder in 1993. His investment-related responsibilities have included both analytical and portfolio management roles. Mr. Crosby is also the lead manager for the real estate (REIT) strategy. 

Mr. Crosby received a B.A. in economics from the University of Missouri and an M.S. in economics and finance from Murray State University. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.

Michael Gura, CFA, Senior Portfolio Manager

Michael Gura is lead portfolio manager for Munder Capital Management’s multi-capitalization strategy and an analyst for the mid-capitalization core growth, mid-cap growth and small/mid-cap equity strategies. His sector responsibilities include health care, consumer discretionary, and consumer staples. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

He joined Munder in 1995 as a senior equity research analyst in a merger with the investment management division of Comerica Bank.

Mr. Gura received a B.B.A. and an M.S. in finance with distinction from Walsh College. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.

Gavin Hayman, CFA, Equity AnalystGavin Hayman analyzes equity securities for Munder Capital Management’s mid-capitalization core growth, mid-cap growth, focused small/mid-cap growth and small-cap/mid-cap blend equity strategies. He also assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Mr. Hayman’s sector focus is on consumer discretionary, consumer staples, technology and telecommunication services. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Prior to rejoining Munder in February 2010, Mr. Hayman was Director of Research at Telemus Capital Partners, a high-net-worth management company. Before that, he was an Institutional Sales Manager at AXA Framlington Investment Managers Group. Prior to that, Mr. Hayman served as International Product Manager for the Munder Framlington investment strategies. Before the Munder Framlington assignment, Mr. Hayman was a regional manager for Framlington Group, where he promoted all of the investment vehicles offered by the firm. 

He holds an honors degree in Law from the University of Central Lancashire, is a CFA® charterholder, and is a member of the CFA Institute.
Brian Matuszak, CFA, Senior Equity Analyst

Brian Matuszak, who has 17 years of investment industry experience, analyzes equity securities for Munder Capital Management’s mid-capitalization core growth, mid-cap growth, focused small/mid-cap and small-cap/mid-cap blend equity strategies. He assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Mr. Matuszak’s sector focus is on financials, health care and utilities. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Before becoming a portfolio manager, Mr. Matuszak served two years as an internal wholesaler for Munder. Prior to joining Munder in 2000, he was a financial advisor for Prudential Securities. Mr. Matuszak also has experience as a micro-economics instructor at Macomb Community College.

Mr. Matuszak earned both a B.B.A. in finance and accounting (with distinction), and an M.S. in applied economics from the University of Michigan. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.

Bob Glise is a Senior Portfolio Manager and Equity Analyst for Munder Capital Management, a Victory Capital investment franchise. In this role, he analyzes equity securities for the Mid-Cap Core Growth, Mid-Cap Growth, Focused Small/Mid-Cap, Small-Cap/Mid-Cap Blend, Multi-Cap, and Small-Cap Growth strategies. He also assists with portfolio strategy, sector analysis, and stock selection and monitoring. He is responsible for research coverage of the Industrials, Materials and Financials sectors.

A tenured professional with 30 years of investment experience, Mr. Glise worked on Munder’s Mid Cap Core Growth Fund/Mid-Cap Core Growth Strategy team from 1998-2002. Before rejoining Munder Capital in 2016, he served as a Senior Partner and Senior Portfolio Manager at NorthPointe Capital Management, where he played a key role in the launch of a growth equity platform. Earlier in his career, he held investment roles at Comerica Bank and Eaton Corporation.

Mr. Glise earned a B.A. in finance from Michigan State University. He is a CFA® charterholder.

Sean Wright, Equity AnalystSean Wright analyzes equity securities for Munder Capital Management’s mid-capitalization core growth, mid-cap growth, focused small/mid-cap growth and small-cap/mid-cap blend equity strategies. He assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Mr. Wright focuses on the energy sector. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Before becoming an equity analyst, Mr. Wright served as an intern with Munder, performing individual stock research and portfolio analytics work for the mid-cap core growth and large-cap growth strategies, as well as analyzing trade strategies for the equity trading desk and constructing marketing materials. Prior to joining Munder in 2010, he interned for RFC Financial Planners in Ann Arbor, Michigan, where he worked on various tasks related to portfolio management, asset allocation, and client relationship management. 

Mr. Wright received a B.A. in Economics from the University of Michigan. Additionally, he is a CFA® charterholder.

 
Regenia Bingham provides quantitative equity research for Munder Capital Management’s core growth strategy. She also provides support to Director Co-Director, Quantitative and Risk Analysis. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Previous Munder Capital responsibilities include providing support to the Director of Equity Research. Prior to joining Munder Capital in 1995 in a merger with Comerica Bank, Regenia worked as an equity research assistant at Woodbridge Capital Management, an investment management subsidiary of Comerica. Prior to 1992, she served as a portfolio assistant to the director of equity research at Manufacturers Bank.
Investment Approach

The Munder Multi-Capitalization strategy seeks capital appreciation through investments in companies that we believe are high-quality with the potential for above-average earnings growth, as well as current earnings momentum.

Philosophy & Process

The management team seeks to identify attractive candidates utilizing a blend of fundamental and technical indicators. Characteristics sought include: companies with 8 up quarters and/or 5 up years of EPS growth; stable to rising earnings growth; high stability of earnings, superior financial strength, attractive valuation versus peer group, and favorable technical indicators. Portfolio weighted average market capitalization is targeted to be within 35% of the Russell 3000® Index’s weighted average market cap. All portfolios are fully invested with a cash level targeted at 2% or less.

Robert Crosby, CFA

Senior Portfolio Manager

Robert Crosby is lead portfolio manager for Munder Capital Management’s small-cap/mid-cap blend equity strategy and an analyst for the mid-capitalization core growth, mid-cap growth and focused small/mid-cap growth equity strategies. His sector responsibilities include energy, financials, industrials and technology. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Robert has 21 years of investment experience and joined Munder in 1993. His investment-related responsibilities have included both analytical and portfolio management roles. Mr. Crosby is also the lead manager for the real estate (REIT) strategy. 

Mr. Crosby received a B.A. in economics from the University of Missouri and an M.S. in economics and finance from Murray State University. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.

Michael Gura, CFA

Senior Portfolio Manager

Michael Gura is lead portfolio manager for Munder Capital Management’s multi-capitalization strategy and an analyst for the mid-capitalization core growth, mid-cap growth and small/mid-cap equity strategies. His sector responsibilities include health care, consumer discretionary, and consumer staples. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

He joined Munder in 1995 as a senior equity research analyst in a merger with the investment management division of Comerica Bank.

Mr. Gura received a B.B.A. and an M.S. in finance with distinction from Walsh College. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.

Gavin Hayman, CFA

Equity Analyst

Gavin Hayman analyzes equity securities for Munder Capital Management’s mid-capitalization core growth, mid-cap growth, focused small/mid-cap growth and small-cap/mid-cap blend equity strategies. He also assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Mr. Hayman’s sector focus is on consumer discretionary, consumer staples, technology and telecommunication services. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Prior to rejoining Munder in February 2010, Mr. Hayman was Director of Research at Telemus Capital Partners, a high-net-worth management company. Before that, he was an Institutional Sales Manager at AXA Framlington Investment Managers Group. Prior to that, Mr. Hayman served as International Product Manager for the Munder Framlington investment strategies. Before the Munder Framlington assignment, Mr. Hayman was a regional manager for Framlington Group, where he promoted all of the investment vehicles offered by the firm. 

He holds an honors degree in Law from the University of Central Lancashire, is a CFA® charterholder, and is a member of the CFA Institute.

Brian Matuszak, CFA

Portfolio Manager

Brian Matuszak, who has 17 years of investment industry experience, analyzes equity securities for Munder Capital Management’s mid-capitalization core growth, mid-cap growth, focused small/mid-cap and small-cap/mid-cap blend equity strategies. He assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Mr. Matuszak’s sector focus is on financials, health care and utilities. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Before becoming a portfolio manager, Mr. Matuszak served two years as an internal wholesaler for Munder. Prior to joining Munder in 2000, he was a financial advisor for Prudential Securities. Mr. Matuszak also has experience as a micro-economics instructor at Macomb Community College.

Mr. Matuszak earned both a B.B.A. in finance and accounting (with distinction), and an M.S. in applied economics from the University of Michigan. He is a CFA® charterholder and is a member of the CFA Institute and the CFA Society of Detroit.

Robert Glise, CFA

Senior Portfolio Manager and Equity Analyst

Bob Glise is a Senior Portfolio Manager and Equity Analyst for Munder Capital Management, a Victory Capital investment franchise. In this role, he analyzes equity securities for the Mid-Cap Core Growth, Mid-Cap Growth, Focused Small/Mid-Cap, Small-Cap/Mid-Cap Blend, Multi-Cap, and Small-Cap Growth strategies. He also assists with portfolio strategy, sector analysis, and stock selection and monitoring. He is responsible for research coverage of the Industrials, Materials and Financials sectors.

A tenured professional with 30 years of investment experience, Mr. Glise worked on Munder’s Mid Cap Core Growth Fund/Mid-Cap Core Growth Strategy team from 1998-2002. Before rejoining Munder Capital in 2016, he served as a Senior Partner and Senior Portfolio Manager at NorthPointe Capital Management, where he played a key role in the launch of a growth equity platform. Earlier in his career, he held investment roles at Comerica Bank and Eaton Corporation.

Mr. Glise earned a B.A. in finance from Michigan State University. He is a CFA® charterholder.

Sean Wright, CFA

Equity Analyst

Sean Wright analyzes equity securities for Munder Capital Management’s mid-capitalization core growth, mid-cap growth, focused small/mid-cap growth and small-cap/mid-cap blend equity strategies. He assists with portfolio strategy, sector analysis, stock selection, and the monitoring of companies owned in the portfolio. Mr. Wright focuses on the energy sector. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Before becoming an equity analyst, Mr. Wright served as an intern with Munder, performing individual stock research and portfolio analytics work for the mid-cap core growth and large-cap growth strategies, as well as analyzing trade strategies for the equity trading desk and constructing marketing materials. Prior to joining Munder in 2010, he interned for RFC Financial Planners in Ann Arbor, Michigan, where he worked on various tasks related to portfolio management, asset allocation, and client relationship management. 

Mr. Wright received a B.A. in Economics from the University of Michigan. Additionally, he is a CFA® charterholder.

 

Regenia Bingham

Senior Equity Research Associate

Regenia Bingham provides quantitative equity research for Munder Capital Management’s core growth strategy. She also provides support to Director Co-Director, Quantitative and Risk Analysis. Munder Capital Management was acquired by Victory Capital in October 2014. Munder Capital Management is a Victory Capital investment franchise.

Previous Munder Capital responsibilities include providing support to the Director of Equity Research. Prior to joining Munder Capital in 1995 in a merger with Comerica Bank, Regenia worked as an equity research assistant at Woodbridge Capital Management, an investment management subsidiary of Comerica. Prior to 1992, she served as a portfolio assistant to the director of equity research at Manufacturers Bank.