Investment Team Voices

Nothing Is Obvious

Michael Grant
January 4, 2024

2024 will be different from 2023 because the balance between inflation, disinflation and the rising possibility of deflation is more nuanced. We suspect the revived bullish mood climaxes in coming weeks, giving way to a (possibly hard) consolidation into spring.

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Welcome Back, Mr. Bond

Michael Grant, Co-CIO
October 26, 2023

Low interest rates and central bank distortions have been the hallmark of the post-2008 era. The past quarter was notable for the sense that this landscape is giving way to something quite different, with real interest rates attaining their highest levels in two decades. In his latest commentary, Michael Grant sorts out the implications of this “new normal.”

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2023: Now For the Harder Part

Michael Grant
October 5, 2023

In his Q3 Investment Team Outlook, Michael Grant discusses the “harder” challenges confronting investors in the latter part of 2023, which underscore the portfolio’s emphasis on a mix of select quality GARP opportunities and cyclicals that appear too cheap in the absence of a near-term recession.

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The Easy Part of 2023 Is Behind Us

Michael Grant
July 3, 2023

There is a further mild upside for equities, but equities are not in a new bull market, according to Michael Grant, Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund. Beyond summer, rising volatility seems inevitable as investors await the resolutions of key debates, including the one over Fed policy.

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A Very Different Decade Ahead

Michael Grant
June 22, 2023

Success in the coming decade will depend on tactical approaches to equity allocation, making this an advantageous environment for Calamos Phineus Long/Short Fund (CPLIX), according to Co-CIO Michael Grant.

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The Storm Clouds Keep Gathering, but Where is the Storm?

Michael Grant
April 4, 2023

Economic resilience will be the surprise in coming quarters, according to Michael Grant, Co-CIO and Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund. Grant discusses his expectation that equities can grind higher, but returns will be muted.

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The Fed Finally Broke Something

John P. Calamos, Sr. and Michael Grant
March 16, 2023

Over recent days, markets have reflected widening concern over the fallout from recent bank failures, but now is not the time to panic. There are important differences between now and 2008, explain John P. Calamos, Sr., Founder and Global CIO, and Michael Grant, Co-CIO.

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Calamos Investment Team Outlooks, October 2021

John P. Calamos, Sr., Jon Vacko, Joe Wysocki, Brandon M. Nelson, Eli Pars, Jim Madden, Tony Tursich, Matt Freund, Christian Brobst, Charles E. Carmody, John Hillenbrand, Michael Grant, Nick Niziolek, Dennis Cogan, Paul Ryndak, Kyle Ruge, Michael Kassab, Bill Rubin
October 19, 2021

Inflation may be more persistent, and the pace of growth may be slowing, but our teams continue to identify many opportunities across asset classes. Senior members of our investment organization share their outlooks and discuss how they are positioning portfolios. With an introduction from John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer.

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Calamos Investment Team Outlooks, July 2021

John P. Calamos, Sr., Brandon M. Nelson, Joe Wysocki, Jon Vacko, Eli Pars, Michael Grant, Matt Freund, Christian Brobst, Charles E. Carmody, Nick Niziolek, Dennis Cogan, Paul Ryndak, Kyle Ruge, John Hillenbrand, Michael Kassab, Bill Rubin
July 19, 2021

Economic recovery, pent-up consumer demand, and corporate profitability provide a favorable backdrop for investors. However, uncertainty surrounding inflation, interest rate hikes, Covid variants and fiscal policy will contribute to choppy markets in the second half of 2021. Senior members of our investment organization share their outlooks and discuss how they are positioning the Calamos funds. With an introduction from John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer.

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