Calamos Global Convertible Fund (CXGCX) finished Q1 2026, essentially flat amid a volatile macro environment in which global convertibles outperformed equities. Record new issuance of $53.3 billion underscored market strength, and the fund maintained its focus on balancing upside participation with downside risk mitigation.
Read PostAfter years of Magnificent 7 dominance, market leadership is broadening. As mega-cap tech faces rising capital intensity and valuation pressure, Calamos Antetokounmpo Sustainable Equities Fund (SROIX) is well-positioned, emphasizing earnings quality, diversification, and reasonable valuations across sectors to capitalize on the emerging regime shift.
Read PostCalamos Hedged Equity Fund (CIHEX) navigated a volatile first quarter—marked by the Middle East conflict and policy uncertainty—with roughly half the drawdown of the S&P 500. The fund extended its hedge structure to June 2027, positioning investors to participate in upside while limiting downside exposure.
Read PostFor investors seeking enhanced diversification and compelling risk/reward profiles, merger arbitrage and event-driven situations may be just the ticket, explains Senior Co-Portfolio Manager Jason Hill in “Unlocking the Opportunities of an Improved M&A Environment.”
Read PostCalamos Global Equity Team explains why they believe traditional approaches to equity investing are increasingly inadequate as AI reshapes capital flows, business models, and the frameworks used to categorize investment opportunities. They also explore why a thematic, actively managed approach is better suited to capture the AI-driven opportunity set and is also essential for managing the risks that accompany this transformation.
Read Post“We believe there are many reasons for investors to be optimistic as 2026 begins,” says Founder and Global CIO John P. Calamos, Sr. in his introduction to the investment teams’ New Year’s outlooks across equity, convertible, fixed income, and alternative strategies. With favorable macro conditions, business-friendly policies, and opportunities spanning global markets, our teams identify compelling reasons to be encouraged while emphasizing diversification and active management to navigate ongoing volatility.
Read PostThe post-COVID investment regime features persistent reflation, fiscal deficits, and AI mania. While we expect the equity bull market to face headwinds in 2026 with peak reflation likely by spring, AI's benefits should broaden to new sectors, and opportunities will emerge through sector rotation and increased volatility.
Read PostCalamos Market Neutral Income Fund gained over 7% in 2025 with lower volatility than bonds. The fund had only one negative calendar month out of the past 26, while the bond market represented by the Bloomberg US Govt/Credit Bond Index had 8. Both hedged equity and convertible arbitrage strategies contributed meaningfully. Record convertible issuance of nearly $120 billion created robust opportunities, positioning the fund well for continued consistency in 2026.
Read PostCalamos Hedged Equity Fund delivered 11.4% in 2025, capturing 64% of the S&P 500’s upside while maintaining downside protection. The fund’s asymmetric hedge structure adapts to market conditions, currently offering 65% participation with 35% downside exposure. Multiple volatility catalysts could make this risk-managed approach increasingly valuable in 2026.
Read PostConvertible securities achieved strong 2025 performance, and we believe they are well-positioned for 2026, supported by robust US fundamentals and record issuance. The small- to mid-cap heavy convertible market benefits from broadening equity leadership. Calamos Convertible Fund emphasizes AI infrastructure, cybersecurity, defense, and nuclear modernization while anticipating increased M&A activity.
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