Investment Ideas

Liquid Alts in 2021: Record AUM, Strongest Flows Since 2013—and Performance to Believe In

Elise Pondel, CFA, AVP, Director of Product Analytics

January 25, 2022

In a reversal of a downward trend that started in 2014, last year there was unprecedented demand for liquid alternatives. Most important: the products’ performance met the demand. Alt assets reached a new high watermark in 2021, with almost all Morningstar categories benefiting from positive net flows and positive performance.

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Next Year May Be More Nuanced, But CPLIX’s Grant Believes Equity Investors Need to ‘Ride the Tiger’

December 10, 2021

As long as fundamental momentum is above trend and there’s a backdrop of liquidity at historically high levels, Calamos Co-CIO and Head of Long/Short Strategies Michael Grant urges investment professionals to lean into equity risk.

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What Could a Bond Alternative Do for Your Clients This Decade?

December 3, 2021

The declining interest rates of the past decade provided a strong tailwind for bond funds. And yet, Calamos Market Neutral Income Fund (CMNIX) managed to add value by delivering a bond-like return with a bond-like standard deviation but without the bond-like risk exposures.

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CMNIX + CICVX: Adjust the Dials for the ‘Right’ Blend of Market Risk, Volatility, Return Profile

December 2, 2021

You think peanut butter and chocolate are an appealing combination? Try mixing Calamos Market Neutral Income Fund (CMNIX) and Calamos Convertible Fund (CICVX).

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On the Job Every Day the Market Is Open: CIHEX Is Actively Managed to Optimize Volatility

Joseph Cusick

November 16, 2021

There's a crucial difference between Calamos Hedged Equity Fund (CIHEX) and other hedged equity strategies. “Why would you accept a capped upside with a defined downside? Why wouldn’t you want to capitalize on opportunities when the market moves up or down?” asks Calamos Vice President and Portfolio Specialist Joseph Cusick.

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No Matter What: CMNIX

November 4, 2021

Here’s why we call Calamos Market Neutral Income Fund (CMNIX) both consistent and resilient.

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More on Convertibles and Rising Interest Rates

October 21, 2021

Our recently updated Convertible Securities: Structures, Valuation, Market Environment and Asset Allocation guide, by Calamos Founder, Chairman and Global CIO John P. Calamos, Sr., with Co-CIO and Senior Portfolio Manager Eli Pars provides additional insights on the relationship of the asset class and rising interest rates.

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WATCH: CMNIX’s Eli Pars on the ‘Extra Kiss’ SPACs Can Provide

Robert Behan, Eli Pars

October 13, 2021

As an opportunistic strategy intended to enhance income, Calamos Market Neutral Income Fund (CMNIX) can now invest up to 10% in Special Purpose Acquisition Corporations (SPACs), up from its previous limit of 5%.

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CMNIX’s Consistent Flows, Low Volatility Make This Alt ‘Easy to Own’

September 2, 2021

The gap between Calamos Market Neutral Income Fund (CMNIX)’s total return and Morningstar’s “investor return” is a skinny 6 basis points over 10 years—dramatically better than the Alternatives category group average of 433 basis points.

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This Is Far from Over, Don’t Miss the Rest of What Could Be a ‘Remarkable’ Period for Equities: CPLIX’s Grant

Michael Grant

August 18, 2021

It's too early to call the top in S&P 500 earnings; earnings could continue to trend higher at an almost historic pace for the next three to six quarters, according to Michael Grant, Co-CIO, Senior Co-Portfolio Manager and Head of Long/Short Strategies.

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Investment Ideas

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