General Investing >> Money Manager Interviews >> December 1, 2008

INVESTING IN SMALL CAP VALUE STOCKS – GLENN SUSSMAN & STEVE WILSON – LAPIDES ASSET MANAGEMENT LLC

STEVE WILSON founded Lapides Asset Management LLC and serves as the firm's Chief Investment Officer and as an Analyst/Manager. He has more than 25 years' experience conducting hands-on, proprietary research and managing portfolios of smaller cap securities. Prior to forming Lapides in mid-2005, he was an Analyst/Manager at Reich & Tang from 1986. Additionally, he served for eight years as Chief Investment Officer of the Capital Management Group at Reich & Tang. Before joining Reich & Tang, he was President of Home Capital Services, the investment management subsidiary of the Home Insurance Company. He has a BS from the Wharton School of the University of Pennsylvania and an MBA from New York University. He became a Chartered Financial Analyst in 1984 and is a member of the New York Society of Security Analysts. He was voted the top individual analyst by managements surveyed for the 2000 Reuters Investment Research Survey of Small to Mid Companies. Profile
Glenn Sussman joined Lapides in 2006 and serves as Analyst/Manager, working with Steve Wilson on the day-to-day management of client portfolios. Mr. Sussman has 28 years of experience conducting hands-on, proprietary research and managing smaller-cap portfolios. Before joining Lapides, he was a Senior Vice President and an Analyst/Manager at Reich & Tang, where he spent eight years. Before Reich & Tang, he was Vice President and Principal at Richter Asset Management. Before that, Mr. Sussman held the position of Vice President and Principal of Kurtz Capital Management. He holds a BBA from The George Washington University and an MBA from New York University.Steve Wilson, CFA, founded Lapides Asset Management LLC and serves as the firm's Chief Investment Officer and as an Analyst/Manager working together with Glenn Sussman on the day-to-day management of client portfolios. Mr. Wilson has 30 years of experience conducting hands-on, proprietary research and managing portfolios of smaller-cap securities. Before forming Lapides in 2005, he was an Analyst/Manager at Reich & Tang since 1986. Additionally, he served for seven years as Chief Investment Officer of the capital management group at Reich & Tang. Before joining Reich & Tang, Mr. Wilson was President of Home Capital Services, the investment management subsidiary of the Home Insurance Company. He has a B.S. from The Wharton School of the University of Pennsylvania and an MBA from New York University. He is a Member of the New York Society of Security Analysts. Profile
TWST: Let's start with an overview of Lapides Asset Management and your

investment philosophy there.

Mr. Wilson: The firm is three and a half years old. Our focus is exclusively on

smaller