Lee Munder Capital launches 130/30

Lee Munder Capital Group introduced an international 130/30 strategy, said CIO Jeff Davis. This marks the third strategy the quant group, led by Gordon Johnson, has launched since he joined Lee Munder from Evergreen Investments in August. While some consultants will be looking for multiyear track records, the team’s six years of working together and the strong start for their first two strategies, combined with growing market interest in 130/30 strategies, will likely spark interest in the new offering, Mr. Davis said.