Small caps delivered standout Q2 returns, with the Russell 2000 outpacing large caps by 635 basis points. Calamos Timpani funds significantly outperformed peers by targeting companies with sustainably fast, underestimated earnings growth—a fundamental momentum approach that the team expects to reward investors going forward.
Read PostGeopolitical tensions and a Fed pivot toward deliberate opacity are driving rate volatility, while credit fundamentals remain resilient. The Calamos fixed income team is maintaining a quality bias, monitoring record issuance volumes for spread pressure, and holding to a thesis of long-term yield-curve steepening.
Read PostRecord convertible issuance and AI infrastructure tailwinds are creating compelling opportunities. Calamos Convertible Fund leverages active management and bottom-up selection to pursue growth companies with favorable risk-reward asymmetry, while convertible structures that offer downside mitigation provide resilience amid persistent geopolitical and macroeconomic uncertainty.
Read PostGrowth stocks surged in Q2, led by AI infrastructure beneficiaries. Calamos Growth Fund maintains its quality bias, favoring hyperscalers and suppliers of critical AI components. With valuations elevated and market breadth historically narrow, the team remains disciplined and ready to rotate if leadership shifts.
Read PostAI infrastructure dominance and a hawkish Fed are reshaping the investment landscape. Calamos Phineus Long/Short Fund manager Michael Grant sees broadening but concentrated market leadership, expects inflation to surprise to the downside, and anticipates a topping process through autumn as positioning risk and midterm election uncertainty intensify.
Read PostCo-CIO Nick Niziolek explains why an earnings-driven process is well positioned for today’s market—and why the opportunities are set to rev higher.
Read PostCo-Portfolio Managers David O’Donohue and Jason Hill explain how market volatility can create profitable opportunities for a convertible arbitrage strategy.
Read PostSenior Co-Portfolio Manager Joe Wysocki discusses the exciting issuance trends in the convertible market and the opportunities convertibles provide for risk-managed growth.
Read PostIn its new paper, “Investing in China’s Clean Energy Transition,” the Calamos Sustainable Equities Team discusses how they identify opportunities in a complex environment.
Read PostAs US companies spend on AI buildout, international companies are reaping the rewards, explains Co-CIO Nick Niziolek.
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