Morgan Dempsey: Small/Micro-cap Strategy hired by Callan Associates

Callan Associates has hired Morgan Dempsey Capital Management, LLC in a sub-advisory role to manage $28 million for their Diversified Alpha Small Cap Equity Fund.

The addition of the Morgan Dempsey Small/Micro-cap Strategy to Callan’s line-up adds another talented up-and-coming manager to their institutional manager-of-managers strategy.

“We are extremely pleased to have the opportunity to work with Callan,” said David Durham, Co-Principal of Morgan Dempsey. “We believe we have a very unique investment strategy and adding a client like Callan Associates is an indication that our hard work and long-term results are getting noticed.”

As of 12/31/09, Pensions & Investments ranked the Morgan Dempsey Small/Micro-Cap Strategy as the top performing small-cap blend separate account manager over the previous 5-years.

About Morgan Dempsey

Morgan Dempsey Capital Management, LLC is a Milwaukee based SEC Registered Investment Advisor founded in 1994. MDCM focuses on style-specific investment strategies that meet the unique needs of institutional investors and high net worth individuals. The Small/Micro-cap strategy focuses on inefficiently priced small/micro-cap companies with robust “fortress balance sheets” and ample free cash flow. Their holdings tend to be run by founder/owner/operators where management’s long term interests are aligned with those of the shareholder. For more information, visit

About Callan Associates

Founded in 1973, Callan Associates is one of the largest independently-owned investment consulting firms in the country. Headquartered in San Francisco, Calif., the firm provides research, education, decision support and advice to a broad array of institutional investors through five distinct lines of business: Fund Sponsor Consulting, Independent Adviser Group, Institutional Consulting Group, Callan Investments Institute and the Trust Advisory Group. Callan employs more than 160 people and maintains four regional offices located in Denver, Chicago, Atlanta and Florham Park, NJ. For more information, visit