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John P. Calamos, Sr. | Calamos Investments

Driving a Convertible Allocation: Active Management Means You Can Put the Top Up

John P. Calamos, Sr.

Convertible securities can be an excellent choice for a strategic allocation. But achieving—and maintaining—the appropriate risk/reward characteristics requires active management.

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Investment Team Voices | Calamos Investments
John P. Calamos, Sr. | Calamos Investments

Convertible Securities Provide Well-Priced Access to Growth

John P. Calamos, Sr.

Global Chief Investment Officer John P. Calamos, Sr. discusses convertible security valuations and the importance of active management.

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Investment Team Voices | Calamos Investments
Scott Henderson | Calamos Investments

The Convertible Trifecta, Revisited

Convertible Perspectives by Scott Henderson, CFA

We see continued upside opportunities in convertible securities but there may be greater disparity in returns, supporting the need for selectivity and active management.

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Investment Team Voices | Calamos Investments
Scott Henderson | Calamos Investments

The Convertible Trifecta

Convertible Perspectives by Scott Henderson, CFA

Credit spreads have widened dramatically, equities have declined significantly, and convertible valuations have cheapened. A reversal in one of these factors could provide a tailwind to convertibles; if all three reverse, convertibles may be poised for a potentially powerful “trifecta.”

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Convertible Defaults Remain Muted

Convertible Team Perspectives by Eli Pars, CFA

Convertible default rates have remained low and stable over recent years. Co-CIO Eli Pars considers the direction of defaults going forward, including the prospects for the growth-oriented tech and health care sectors the convertible team favors.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Convertible Securities Demonstrate Continued Resilience to Rising Rates

Convertible Team Perspectives by Eli Pars, CFA

Eli Pars discusses how convertible securities have performed as interest rates have risen and explains why the remainder of 2017 is setting up to be a good year for the asset class.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Uptick in Convertible Securities Defaults: Why We’re Not Worried

Convertible Team Perspectives by Eli Pars, CFA

Co-CIO Eli Pars examines default trends in the convertible bond market and discusses some differences between convertibles and high yield bonds.

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Investment Team Voices | Calamos Investments
Jason Hill | Calamos Investments

How We Navigated Election Night Turmoil

Alternative Team Perspectives by David O’Donohue

In our market neutral approach, the work of hedging around a major event begins days, weeks or even months before. The U.S. presidential election provides a case in point.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

CoCos Are a No-Go for Calamos

Convertible Perspectives by Eli Pars, CFA

Amid market turmoil, contingent convertible bonds (CoCos) have become the subject of negative press. Co-CIO Eli Pars discusses our standing concerns with what he considers “the anti-convertible bond.”

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Investment Team Voices | Calamos Investments
David O'Donohue  | Calamos Investments

Managing Volatility-Aided Strategies in a Low Volatility Environment

Alternative Team Perspectives by David O’Donohue

While a lack of volatility may be comforting for many investors, volatility can play an important role in the management of some hedged strategies. David O’Donohue discusses index volatility versus individual stock volatility, and how our team navigates different volatility environments.

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Investment Team Voices | Calamos Investments
Jason Hill | Calamos Investments

Gamma Trading: Why Big Market Swings Can Be Good News

Jason Hill, SVP and David O’Donohue, VP

Co-Portfolio Managers David O’Donohue and Jason Hill explain how market volatility can create profitable opportunities for a convertible arbitrage strategy.

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From the Desk of John P. Calamos, Sr. | Calamos Investments
John P. Calamos, Sr. | Calamos Investments

Convertibles Address Multiple Investor Needs

John P. Calamos, Sr.

In his latest blog post, John P. Calamos discusses convertibles as an alternative to traditional fixed income investments.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

CoCos: An Overview of the Anti-Convertible Bond

Eli Pars

Contingent convertible bonds, or CoCos, have been getting more global press. But with risk/reward profiles that are the opposite of what Calamos seeks from traditional convertibles, the investment team is steering clear, explains Co-Portfolio Manager Eli Pars.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Why Higher Quality May Mean Higher Risk

Eli Pars, CFA

Co-Portfolio Manager Eli Pars, CFA, discusses issuance trends in the convertible marketplace. He also speaks to the potential advantages of investing in convertibles with a range of credit qualities.

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Investment Team Voices | Calamos Investments
Scott Becker | Calamos Investments

“Safety Stocks” Fall Short of Expectations

U.S. Growth Equity Team Perspectives by Scott Becker, CFA

Recent data supports our view that the expectations for many safety stocks and dividend stocks/bond surrogates have been too high.

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