Munder Capital Management has hired Jim Kourkoulakos, a former portfolio manager and co-head of credit research at California Public Employees’ Retirement Service (CalPERS), as a senior portfolio manager for fixed income.

Kourkoulakos reports to Ed Goard, Munder’s chief investment officer of fixed income. At CalPERS, the largest pension fund system in the U.S. with more than $200 billion in assets, Kourkoulakos co-managed an $8 billion investment grade bond portfolio and managed a $1 billion high-yield bond portfolio. Kourkoulakos earlier held several senior fixed income investment management positions with Oppenheimer Funds, including senior portfolio manager and head of high yield research.

“In addition to developing and implementing our high yield processes, he also will develop products for clients seeking more aggressive risk strategies and returns,” stated Goard.

Munder Capital, together with its Integrity Asset Management affiliate, managed more than $15 billion of assets as of December 2012.

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