Investment Ideas

CPLIX’s Grant: Optimistic About ‘Remarkable’ Earnings Improvement, Resilient Economy—and Potential for Risk Assets

Michael Grant

September 18, 2020

The economy’s continued reopening and an eventual fiscal package will support demand while cost cuts will drive operating leverage. These two should be a powerful combination to support earnings growth into 2021, says Michael Grant, Co-CIO, Senior Co-Portfolio Manager and Head of Long/Short Strategies.

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CPLIX’s Grant Called the Market Rally, and Continues Risk-on

Michael Grant

June 15, 2020

This has been an unusual recovery. Initially, it was led by the same high-quality “safety” stocks that dominated before the drawdown. Cyclical issues then followed, starting in mid-May. Here’s how the barbell strategy employed by the Calamos Phineus Long/Short Equity Fund (CPLIX) managed to capture gains during both legs.

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Markets See Light at the End of the Tunnel: Recovery by July, Says CPLIX’s Grant

Michael Grant

May 1, 2020

Michael Grant, Co-CIO, Sr. Co-Portfolio Manager, Head of Long/Short Strategies, had a high conviction view that anticipated April’s equity recovery—now he says it's sustainable as the economy survives a severe but short recession.

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In the Coming Critical Month, It’s Time to Re-engage Equities: Co-CIO, Senior Co-Portfolio Manager Michael Grant

Michael Grant

March 31, 2020

Co-CIO, Senior Co-Portfolio Manager Michael Grant provides guidance for moving beyond the recent COVID-19 market shocks. Preparing for a rebound in equities, he and his team increased the Calamos Phineus Long/Short Fund (CPLIX) net equity exposures to reflect this shifting risk/reward.

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The Road Back to 3000: Co-CIO, Senior Co-Portfolio Manager Michael Grant

Michael Grant

March 23, 2020

In a turbulent time for the markets, Michael Grant, Co-CIO, Senior Co-Portfolio Manager of the Calamos Phineus Long/Short Fund (CPLIX) is preparing for rebound in equities and has positioned the fund's portfolio accordingly.

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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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Watch: CPLIX’s Michael Grant Anticipates a Radically Different Decade

Michael Grant

November 7, 2019

In the next decade “investors face a radically different landscape that demands a rethink of the global investment approach,” according to Michael Grant, Co-CIO, Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund (CPLIX). Watch as Grant explains in this series of five videos.

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August Was Wild, and Our Alts Worked

Eli Pars, Michael Grant

September 9, 2019

These are the markets our alternative funds are made for, an opportunity to demonstrate why they’re worthy of financial advisors' consideration as a core allocation in clients’ portfolios.

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CPLIX’s Defensive Positioning Anticipates Economic Vulnerabilities, Market Schizophrenia

Michael Grant

August 6, 2019

With market valuations at or about all-time highs, and the S&P 500 where it is, current and anticipated market dynamics suggest vulnerability at current levels.

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Why You Want to Be Long/Short—and Not ‘Long Light:’ CPLIX

Michael Grant

June 17, 2019

Calamos Phineus Long/Short Fund (CPLIX) outperformed its Morningstar category average and the S&P 500 Index over the three-month period ended 5/31/19—thanks in part to a neutral equity exposure during volatile market conditions.

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