The small-cap value team at Chicago Asset Management - brothers...

The small-cap value team at Chicago Asset Management — brothers Michael C. Wolcott and Patrick Wolcott, Gary J. Kauppila and Kevin J. McGrath — left the firm to form their own company. The four could not be reached for comment, and Todd Davis, senior vice president at CAM, said he could not comment. Mr. Davis said the small-cap team managed about $8 million in the strategy, down from a high of $49 million, and the two unidentified clients using it said they will remain with CAM.