Munder completes buyout from Comerica

Munder Capital Management completed its management-led buyout from Comerica Inc. for $302 million, according to a news release issued today. Munder will continue to operate under its current name; it has more than $27 billion in institutional and high-net-worth assets under management. Under the terms of the deal, Comerica retains full ownership of World Asset Management, the former quantitative and index-oriented investment management division of Munder Capital, which has $17 billion in assets under management.