Traditional bonds came under considerable pressure during the first quarter as investors cheered the continued growth in the economy and anticipated interest rate cuts. In sharp contrast, Calamos Market Neutral Income Fund (CMNIX) demonstrated the benefits of an approach with little interest rate opportunity or risk.
Read PostWe continue to find many opportunities in the new issuance market. We’ve been taking advantage of refinancing trends and have been able to invest in companies we like with higher coupons and lower conversion premiums. We’ve also initiated exposure to higher-octane companies in fast-growing areas, taking on less exposure to downside than equity investors.
Read PostCalamos Market Neutral Income Fund (CMNIX) continued to demonstrate its potential benefits as a fixed income alternative. With little exposure to interest rate risk or opportunity, we believe our approach offers a compelling alternative for investors worried about interest rate volatility.
Read PostThe rise in interest rates, paired with a benign equity volatility environment, provided a beneficial environment for Calamos Hedged Equity Fund (CIHEX) during 2023. We believe our flexible approach can continue to provide an important edge.
Read PostEli Pars, CFA, believes new issues will be a potential bright spot for the convertible market and Calamos Global Convertible Fund (CXGCX) over the next year or two, with a particularly intriguing opportunity in investment-grade convertibles.
Read PostAs rising interest rates delivered a blow to traditional bonds during the quarter, CMNIX once again demonstrated the benefits of not being at the mercy of interest rate moves.
Read PostThe combination of oil prices, Fed policy, and political uncertainty all make for a questionable growth outlook in 2024. Nonetheless, we will stick to our fundamental process and work to maintain the best risk/reward profile possible. And we expect a convertible issuance boost in 2024 as companies seek to refinance maturing debt.
Read PostWe’ve got a healthy degree of skepticism that the stock market can rip further from here. Nevertheless, we’re confident we can continue to find select opportunities for Calamos Global Convertible Fund, supported by bottom-up selection and encouraging issuance.
Read PostCo-CIO Eli Pars discusses how our team is positioning Calamos Market Neutral Income Fund and Calamos Hedged Equity Fund.
Read PostThe investment management team of Calamos Global Convertible Fund remains cautious and prepared for continued volatility. Co-CIO Eli Pars discusses the opportunities the investment team is finding, including in new investment-grade issues.
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