No Matter What: CMNIX
May 18, 2023
Here’s why we call Calamos Market Neutral Income Fund (CMNIX) both consistent and resilient.
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Investment Ideas
CMNIX: All Weather Through the Decades
March 1, 2023
As one of the oldest liquid alternative funds, CMNIX has demonstrated its merits through a variety of market and interest rate environments. In every decade since the fund’s inception, diversifying a traditional bond portfolio with a 25% allocation to CMNIX could have provided meaningful risk-adjusted outperformance.
Read PostCMNIX: Three Reasons to Be Excited about the Fund’s Prospects in 2023—Hear the Replay from Co-CIO Eli Pars’ Webcast
February 16, 2023
On a February 14 webcast, Co-CIO Eli Pars shared his thoughts on a convergence of factors that bode well for Calamos Market Neutral Income Fund (CMNIX) in 2023, including upbeat convertible arbitrage expectations, a bullish convertible issuance outlook, and the fund’s ongoing ability to deliver low-duration diversification.
Read PostHow CMNIX Battled the Bear—Hear the Replay from Co-CIO Eli Pars' Webcast
December 6, 2022
Investment professionals joined us December 6 for a review of 2022 and a look ahead to the new year with Eli Pars, CFA, Co-CIO, Head of Alternative Strategies, Co-Head of Convertible Strategies, and Senior Co-Portfolio Manager.
Read PostHow CMNIX Has Battled Volatility Over Its 31 Years
May 23, 2022
In Calamos Market Neutral Income Fund's 31 years, all but three have ended with positive returns. Intra-year drawdowns, however, have occurred every year. In fact, there have been six years—19% of the time—when the drawdown exceeded 5% and the year finished positive.
Read PostThe Last Time Inflation Peaked, Convertibles Outperformed Stocks and Bonds
April 28, 2022
The structural benefits of convertible securities helped convertible funds outperform both the S&P 500 and the Bloomberg US Aggregate Bond Index in the high inflationary period between 1979 and 1981.
Read PostWhat Could An Income and Equity Alternative Do for a 60/40 Portfolio? Meet the Half Caff
March 25, 2022
To rebalance back to a 60% allocation of unhedged long-only equity and a 40% allocation likely to generate just the skinniest of fixed income returns is to ignore today’s environment. Instead, let us introduce you to the diversification benefits of our blend of equal parts fixed income alternative Calamos Market Neutral Income Fund (CMNIX) and equity alternative Calamos Phineus Long/Short Fund (CPLIX).
Read PostCalamos Named Best Overall Fund Group
March 10, 2022
Acknowledging outstanding investment performance across a breadth of investment strategies, the Refinitiv Lipper Fund Awards recognize Calamos Investments as the US 2022 Best Overall Small Fund Family Over Three Years.
Read PostUp 8% When the S&P 500 Was Down 8%—CPLIX Performance Leads Our Alts’ YTD Success in Beating the Market
March 4, 2022
The performance of Calamos equity and fixed income alternatives this year has demonstrated their diversification benefits.
Read PostFebruary CIO Call Series Replays Now Available
February 24, 2022
Replays of the CIO calls held over a three-week period in volatile February 2022 are now available.
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