Calamos Launches Two Liquid Alts Funds

Jan 12 2015 | 11:31am ET

Napier, Illinois-based Calamos Investments has launched a pair of liquid alternative funds.

The  Calamos Global Convertible Fund and the Calamos Hedged Equity Income Fund began operations on December 31, 2014, with $5 million and $10 million under management, respectively.

“These new funds are a logical extension of our product suite, leveraging the core competencies of the firm,” said John Calamos, Sr., CEO and global co-CIO, in a statement. “We have managed global convertible strategies for institutional clients for 20 years, and have managed U.S. convertibles for more than 35 years. Additionally, we were an early leader in the liquid alternatives space launching one of the first liquid alternatives mutual funds in the early 1990s,”

The Calamos Global Convertible Fund blends global investment themes and fundamental research, providing broadly diversified exposure to the global convertible bond universe. The fund seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle. The fund can also serve a role within a fixed-income allocation, as convertibles have historically performed well during periods of rising interest rates and inflation.

The Calamos Hedged Equity Income Fund continues the firm’s history of providing liquid alternative strategies, including covered call writing. The Calamos Hedged Equity Income Fund invests in a diversified portfolio of stocks and sells options with the aim of generating income while participating in equity market upside with lower volatility over the long term.

Calamos Investments is a diversified global investment firm offering equity, fixed-income, convertible and alternative investments. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange-traded fund and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them.

Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York.

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