Investment Team Voices

Convertible Defaults Remain Muted

Convertible Team Perspectives by Eli Pars, CFA
May 23, 2016

Convertible default rates have remained low and stable over recent years. Co-CIO Eli Pars considers the direction of defaults going forward, including the prospects for the growth-oriented tech and health care sectors the convertible team favors.

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CoCos Are a No-Go for Calamos

Convertible Perspectives by Eli Pars, CFA
February 11, 2016

Amid market turmoil, contingent convertible bonds (CoCos) have become the subject of negative press. Co-CIO Eli Pars discusses our standing concerns with what he considers “the anti-convertible bond.”

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Why Higher Quality May Mean Higher Risk

Eli Pars, CFA
August 12, 2014

Co-Portfolio Manager Eli Pars, CFA, discusses issuance trends in the convertible marketplace. He also speaks to the potential advantages of investing in convertibles with a range of credit qualities.

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CoCos: An Overview of the Anti-Convertible Bond

Eli Pars
February 27, 2014

Contingent convertible bonds, or CoCos, have been getting more global press. But with risk/reward profiles that are the opposite of what Calamos seeks from traditional convertibles, the investment team is steering clear, explains Co-Portfolio Manager Eli Pars.

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