The Chicago-based firm Calamos Investments completed the firm’s acquisition of Timpani Capital Management on Monday. Timpani is a boutique small- and mid-cap investment management company based in Milwaukee.
Calamos concurrently announced the launch of the Calamos Timpani Small Cap Growth Fund, which will retain its Timpani investment team and track record of more than eight years. It will be part of the Calamos portfolio alongside the Calamos Timpani Small Cap Growth Strategy, a separately managed account with a track record of more than 11 years.
Timpani co-founder Brandon M. Nelson and his investment team joined Calamos Investments upon the close of the transaction.
Nelson, with more than 22 years of investment experience, along with his team, will employ the same investment approach, combining fundamental analysis with a value-added sell discipline based on behavioral finance concepts, an approach used by Timpani since its founding. The team will remain based in Milwaukee.
“Given our legacy as active growth managers, we are thrilled to welcome Brandon and his team,” said John P. Calamos, Sr., Founder and Global Chief Investment Officer of Calamos Investments.
“With its track record and tenured investment team, we believe the Calamos Timpani Small Cap Growth Fund will be an outstanding extension of our growth equity platform,” the CIO added.
“With more than 30 percent growth in [assets under management] since 2017, our strategic growth plan continues to show results, centering on innovative active management and a commitment to deliver results for clients,” Calamos CEO John Koudounis said in a statement.
“Our growth is founded on investors’ recognizing the potential benefits of active management in navigating difficult markets and, as the Calamos Timpani Small Cap Growth Fund’s track record bears out, identifying opportunities for outperformance,” he concluded.