Alternatives Capabilities
Innovative strategies seeking to manage risk and enhance investment returns—that’s what Calamos Investments has offered investment professionals since 1977. We believe diversification is important in all market environments and that our alternatives can provide a range of compelling solutions to enhance your portfolio.
We attribute our overall growth in liquid alternative assets under management to increasing investor demand, investment professional interest, broadening platform availability and—most importantly—to our funds’ histories of delivering performance in line with investors’ high expectations.
Announcing Calamos Structured Protection ETFs
The first ETFs that deliver 100% downside protection, growth potential to S&P 500®, Nasdaq-100®, or Russell 2000®, and tax alpha over a one-year outcome period.
Our Funds
Recent Alternatives Insights
Everything Shaken, Little Really Stirred
AI 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.
Running at a Steady Pace as Bonds Limp Along
CMNIX outperformed bonds in Q2 and year to date, driven by gains across convertible arbitrage, hedged equity, merger arbitrage, and SPAC arbitrage. Record convertible issuance, including Alphabet's landmark deal, and a favorable merger environment support the fund’s multi-strategy, market-agnostic approach to steady performance.
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