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Munder Small-Capitalization Growth Strategy

Brian Matuszak product detail page header image

Investment Approach

The Small-Cap Growth Strategy’s management team seeks to provide long-term capital appreciation by investing in a diversified portfolio of small sized companies that exhibit growth characteristics.

Philosophy & Process

The Strategy focuses on companies that the management team believes have superior growth opportunities that meet minimal hurdle rates for capital efficiency and free cash flow and are reasonably priced. Specifically, the management team looks to invest in companies that have consistent and higher-than-average earnings growth, are financially stable with a below-average debt level, have a leadership position in their industry, have an effective management team, and whose stock price is attractive relative to the market and the company’s growth rate.

The management team’s investment approach is designed to achieve consistent long-term returns across the full breadth of market conditions and economic cycles. Its investment process focuses on security selection. The team believes this is the best way to position the Strategy to achieve an optimal balance between potential reward and investment risk over a complete market cycle.

 

Tony Dong, CFA, Chief Investment Officer and Lead Manager, Munder Capital Management

Tony Dong is Vice Chairman, Chief Investment Officer and a senior portfolio manager for Munder Capital Management. He acts as team leader for all of Munder’s investment strategies while serving as portfolio manager for the Mid-Cap Core Growth, Mid-Cap Growth, Small-Cap/Mid-Cap Blend, Focused Small/Mid-Cap and Small-Cap Growth strategies. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Dong has 35 years of investment experience that includes overseeing equity strategies, portfolio management and equity research. He developed and manages investment strategies designed to generate alpha, control risk and create long-term value for clients through stock selection. His team’s flagship strategy, Mid-Cap Core Growth, was recognized by PSN as a “Top Guns Manager of the Decade” within the mid-cap growth universe for five consecutive years (2009-2013). Mr. Dong and his team's investment strategies have also been featured in Barron’s magazine and on CNBC and Bloomberg TV. He joined Munder in 1988 and served on its board. Prior to Munder, he was 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 MBA in finance from Wayne State University. He is a CFA® charterholder and member of the CFA Institute and CFA Society of Detroit.


Robert Crosby, CFA, Senior Portfolio Manager

Robert Crosby is a senior portfolio manager for Munder Capital Management. In this role, he serves as portfolio manager for the Small-Cap/Mid-Cap Blend, Focused Small/Mid-Cap, Multi-Cap and Diversified Equity strategies and as an analyst for the Mid-Cap Core Growth, Mid-Cap Growth and Small-Cap Growth strategies. He is responsible for research coverage of the Energy, Real Estate, Industrials and Information Technology sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Crosby joined Munder in 1993 and has 28 years of investment experience. His investment-related responsibilities have included both analytical and portfolio management roles.

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 member of the CFA Institute and CFA Society of Detroit.

Gavin Hayman, CFA, Equity Analyst

Gavin Hayman is a senior portfolio manager for Munder Capital Management. In this role, he serves as portfolio manager for the Small-Cap Growth, Multi-Cap and Diversified Equity strategies and as an analyst for the Mid-Cap Core Growth, Mid-Cap Growth, Focused Small/Mid-Cap and Small-Cap/Mid-Cap Blend strategies. He is responsible for research coverage of the Consumer Discretionary, Consumer Staples, Information Technology and Telecommunication Services sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Prior to rejoining Munder in 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. Previously, he served as international product manager for the Munder Framlington investment strategies. Earlier in his career, he was a regional manager for Framlington Group, where he promoted all of the firm’s investment vehicles.

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

Brian Matuszak, CFA, Senior Equity Analyst

Brian Matuszak is a senior portfolio manager for Munder Capital Management. In this role, he serves as portfolio manager for the Small-Cap Growth strategy and as an analyst for the Mid-Cap Core Growth, Mid-Cap Growth, Small-Cap/Mid-Cap Blend, Focused Small/Mid-Cap, Multi-Cap and Diversified Equity strategies. He is responsible for research coverage of the Health Care, Utilities and Financials sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Matuszak has 22 years of investment experience. Prior to his current role, Mr. Matuszak served as an internal wholesaler for Munder, and before joining Munder in 2000, he was a financial advisor for Prudential Securities. He also has experience as a microeconomics instructor at Macomb Community College.

Mr. Matuszak earned 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 member of the CFA Institute and CFA Society of Detroit.

RobertGlise

Bob Glise is a senior portfolio manager and equity analyst for Munder Capital Management. 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, Diversified Equity 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, Financials, and Consumer Discretionary sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

A tenured professional with 33 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 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 Analyst

Sean Wright is an equity analyst for Munder Capital Management. 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, Diversified Equity 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 Energy, Materials, and Financials sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Wright has 9 years of investment experience. Before becoming an equity analyst, Mr. Wright was an intern with Munder, researching individual stocks and doing portfolio analytics work for the Mid-Cap Core Growth and Large-Cap Core strategies, as well as analyzing trade strategies and developing marketing materials. Prior to joining Munder in 2010, he interned for RFC Financial Planners, where he handled 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. He is a CFA® charterholder.

Investment Approach

The Small-Cap Growth Strategy’s management team seeks to provide long-term capital appreciation by investing in a diversified portfolio of small sized companies that exhibit growth characteristics.

Philosophy & Process

The Strategy focuses on companies that the management team believes have superior growth opportunities that meet minimal hurdle rates for capital efficiency and free cash flow and are reasonably priced. Specifically, the management team looks to invest in companies that have consistent and higher-than-average earnings growth, are financially stable with a below-average debt level, have a leadership position in their industry, have an effective management team, and whose stock price is attractive relative to the market and the company’s growth rate.

The management team’s investment approach is designed to achieve consistent long-term returns across the full breadth of market conditions and economic cycles. Its investment process focuses on security selection. The team believes this is the best way to position the Strategy to achieve an optimal balance between potential reward and investment risk over a complete market cycle.

 

Robert Crosby, CFA

Senior Portfolio Manager

Robert Crosby is a senior portfolio manager for Munder Capital Management. In this role, he serves as portfolio manager for the Small-Cap/Mid-Cap Blend, Focused Small/Mid-Cap, Multi-Cap and Diversified Equity strategies and as an analyst for the Mid-Cap Core Growth, Mid-Cap Growth and Small-Cap Growth strategies. He is responsible for research coverage of the Energy, Real Estate, Industrials and Information Technology sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Crosby joined Munder in 1993 and has 28 years of investment experience. His investment-related responsibilities have included both analytical and portfolio management roles.

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 member of the CFA Institute and CFA Society of Detroit.

Gavin Hayman, CFA

Senior Portfolio Manager

Gavin Hayman is a senior portfolio manager for Munder Capital Management. In this role, he serves as portfolio manager for the Small-Cap Growth, Multi-Cap and Diversified Equity strategies and as an analyst for the Mid-Cap Core Growth, Mid-Cap Growth, Focused Small/Mid-Cap and Small-Cap/Mid-Cap Blend strategies. He is responsible for research coverage of the Consumer Discretionary, Consumer Staples, Information Technology and Telecommunication Services sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Prior to rejoining Munder in 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. Previously, he served as international product manager for the Munder Framlington investment strategies. Earlier in his career, he was a regional manager for Framlington Group, where he promoted all of the firm’s investment vehicles.

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

Brian Matuszak, CFA

Senior Portfolio Manager

Brian Matuszak is a senior portfolio manager for Munder Capital Management. In this role, he serves as portfolio manager for the Small-Cap Growth strategy and as an analyst for the Mid-Cap Core Growth, Mid-Cap Growth, Small-Cap/Mid-Cap Blend, Focused Small/Mid-Cap, Multi-Cap and Diversified Equity strategies. He is responsible for research coverage of the Health Care, Utilities and Financials sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Matuszak has 22 years of investment experience. Prior to his current role, Mr. Matuszak served as an internal wholesaler for Munder, and before joining Munder in 2000, he was a financial advisor for Prudential Securities. He also has experience as a microeconomics instructor at Macomb Community College.

Mr. Matuszak earned 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 member of the CFA Institute and 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. 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, Diversified Equity 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, Financials, and Consumer Discretionary sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

A tenured professional with 33 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 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 is an equity analyst for Munder Capital Management. 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, Diversified Equity 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 Energy, Materials, and Financials sectors. Munder Capital Management was acquired by Victory Capital in October 2014 and is a Victory Capital investment franchise.

Mr. Wright has 9 years of investment experience. Before becoming an equity analyst, Mr. Wright was an intern with Munder, researching individual stocks and doing portfolio analytics work for the Mid-Cap Core Growth and Large-Cap Core strategies, as well as analyzing trade strategies and developing marketing materials. Prior to joining Munder in 2010, he interned for RFC Financial Planners, where he handled 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. He is a CFA® charterholder.