Gary Black
Gary Black

Executive Vice President, Global Co-Chief Investment Officer
21 years of investment industry experience

Gary D. Black oversees Calamos' portfolio management, trading, research and risk management in partnership with John P. Calamos, Sr., with whom he leads the Investment Committee. He joined Calamos in 2012 and has 22 years of industry experience in a number of executive leadership roles.

Prior to joining Calamos in 2012, he served as Founder, Chief Executive Officer and Chief Investment Officer of Black Capital, LLC, where he created and led an investment management team specializing in a long/short equity strategy.

Prior to that, Mr. Black served as Chief Executive Officer and Chief Investment Officer of Janus Capital Group and previously was Chief Investment Officer of Global Equities at Goldman Sachs Asset Management (GSAM). He also led GSAM's U.S. distribution efforts.

Previously, Mr. Black was Executive Vice President and Head of AllianceBernstein's Global Institutional Business. He started as a research analyst and was ranked the top analyst in his category in Institutional Investor's "All America Research Team" from 1992 – 1998.

Mr. Black earned an M.B.A. from Harvard Business School and a B.S. in Economics from the Wharton School of the University of Pennsylvania.

Blog Home Page

When Stocks Behave Like Bonds

Gary Black

Global Co-CIO Gary Black shares his perspective on recent stock market volatility and explains why he believes high-momentum stocks have come under the most pressure.

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U.S. Equities: Cheap Relative to Bonds and Inflation

Gary Black

Global Co-CIO Gary Black speaks to the attractive valuations in the U.S. equity market.

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Sherman’s Rant: Passion and The Quest for Investment Excellence

Gary Black

Gary Black writes about what great investors and great football players have in common: intense passion, focus, and obsession.

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Markets Will Likely Weather Jobs Report

Gary Black

Gary Black explains why he believes the market will overlook weak December job data and discusses the opportunities the Calamos investment team is finding in the equity market.

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Washington: Light At the End of the Tunnel?

Gary Black

Gary Black shares his view on the Washington deadlock and explains why the Calamos team views recent market weakness as an opportunity to buy stocks.

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Markets Climb the Wall of Worry

Gary Black

As many of the market’s near-term worries dissipate, Gary Black speaks to why the U.S equity market looks to be in the mid-cycle of a secular bull market.

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When Analysts Get Mad at the Companies They Follow

Gary Black

I always find it hilarious when I read a research report where an analyst gets mad because a company didn’t communicate to them that it was going to blow a quarter.

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On Hogs and Opportunity

Gary Black

It should come as little surprise that market volatility has surged in the wake of Chairman Bernanke's comments about tapering quantitative easing (QE).

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P/Es have Risen in the Wake of Rate Increases

Gary Black

When a doctor takes a patient off his meds, he does so usually only after the patient has shown sure signs of recovery. Generally, the patient himself realizes when he no longer needs the meds.

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Dr. Fed

Gary Black

When a doctor takes a patient off his meds, he does so usually only after the patient has shown sure signs of recovery. Generally, the patient himself realizes when he no longer needs the meds.

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