Our Assessment of This Unusual Convertible Market
August 1, 2022
Convertible securities continue to be an attractive means of taking a more measured approach to the equity market.
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Investment Ideas
Today’s Opportunity: Take Interest Rate Risk Out of Portfolios Without Surrendering Yield
Christian Brobst
July 29, 2022
Historically tight spreads make short duration especially attractive now.
Read PostWhen 60/40 Disappoints, Change the Combination—Try the Half Caff
July 26, 2022
Our blend of fixed income alt Calamos Market Neutral Income Fund (CMNIX) and equity alt Calamos Phineus Long/Short Fund (CPLIX) would have helped mitigate the downside risk during previous periods when both equity and fixed income were negative.
Read PostWatch S&P 500 Overlap When Selecting ESG Fund
July 20, 2022
A quick look at the holdings of the four largest ESG funds reveals that the leading products are domestically focused, with a concentration in S&P 500 stocks.
Read Post‘Unique’ CPZ Featured on CEFA Podcast
July 19, 2022
Calamos Long/Short Equity & Dynamic Income Trust (CPZ) stands out for the way it uses equities to support an income stream for investors.
Read PostNo Recession and the Value of a Long/Short Model: Grant Talks the CPLIX Book on Animal Spirits Podcast
July 5, 2022
“We believe in equities, and we tell our clients to believe in equities. In the middle of the storm, we have to have the courage to embrace that and start leaning into risk again,” Calamos Co-CIO, Head of Long/Short Strategies and Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund (CPLIX) Michael Grant tells Animal Spirits Talk Your Book podcast hosts Michael Batnick and Ben Carlson.
Read PostGive Your Clients Serenity Now
June 21, 2022
As inspired by the chronic overreactor Frank Costanza of Seinfeld fame, our latest chartbook offers some perspective for those concerned about the confluence of factors (e.g., inflation, rates, recession) that have challenged investor resolve this year. Our message is unchanged: history shows that the best strategy is to stay invested.
Read PostA Hedged Equity Strategy Needs the Flexibility to Position for Big Moves—Up or Down
Joseph Cusick
June 9, 2022
Actively managed Calamos Hedged Equity Fund (CIHEX) is managed to pursue equity returns in all environments—and as windows of opportunities open and close.
Read PostCPLIX: Hedged Against a Near-term Downturn While Expecting a Late Summer Bounce Back
Michael Grant
June 6, 2022
This is an environment where Calamos Co-CIO, Senior Co-Portfolio Manager and Head of Long/Short Strategies Michael Grant favors “tactical risk management nuance” as opposed to outright defensiveness. The journey from inflation anxiety to inevitable recession, he says, will include periods where equities will do quite well.
Read PostHow Convertibles Have Rebounded After Steep Declines
June 3, 2022
Double-digit returns have followed previous drawdowns.
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