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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Liquid Alts in 2020: Finally, the Market Test That Many Have Been Waiting For

January 28, 2021

The majority of liquid alternative categories outperformed the S&P 500 during the drawdown last year, but there’s much more to know—AUM, returns, performance dispersion, flows—about alts in 2020. Our annual review has it all, and interactive charts to enable your own analysis.

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CPLIX’s Grant Looks for Sustained Equity Gains…And Maybe a Correction or Two

Michael Grant

January 22, 2021

This is not a mirage, says Michael Grant, Calamos Co-CIO, Senior Co-Portfolio Manager and Head of Long/Short Strategies. Risk assets will be supported by the strongest year for global GDP in more than two decades. This is one of the best backdrops for sustained gains in years.

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Looking for Income? Don’t Overlook Closed-end Fund CPZ

Robert F. Bush, Jr.

January 14, 2021

With wide investment parameters by design, Calamos Long/Short Equity & Dynamic Income Trust (CPZ) may invest and participate in a plethora of investments and strategies seeking to not only optimize the total return and income aspects of the portfolio, but also potentially mitigate market risk across the spectrum of its investible assets.

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The Non-consensus View of CPLIX’s Michael Grant, and Why He’s Positioned for ‘High Financial Risk’

Michael Grant

January 28, 2020

Calamos Co-CIO and Sr. Co-Portfolio Manager of Calamos Phineus Long/Short Fund (CPLIX) Michael Grant elaborates on why he and his team remain defensive at the start of 2020.

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1000 Basis Points: CPLIX’s Q4 Difference

January 11, 2019

Calamos Phineus Long/Short Fund (CPLIX) helped investors buffer the market’s volatility in 2018, outperforming the S&P 500 in all three major market drawdowns during the year.

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And When Was the Last Time You Checked Your Long/Short Fund’s Correlation to the S&P?

January 30, 2018

The purpose of less correlated assets (long/short equity alternative mutual funds, for example) is to reduce the risk of a traditional stock and bond portfolio.

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Unconstrained CPLIX Finishes 2016 In Top Decile

January 19, 2017

A recap of how Calamos Phineus Long/Short Fund (CPLIX) performed relative to its category peers and to the S&P 500 and MSCI World Index in 2016.

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