Alternatives
Partner with a proven alternatives leader to potentially enhance your asset allocation

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.


Recent Alternatives Insights

Back to the Future

Portfolio Manager Michael Grant examines the equity market’s exceptional recovery and analyzes two dominant forces: AI-driven mega-cap leadership and Trump's reflationary agenda. He assesses AI investment sustainability, identifies cyclical opportunities, and outlines balanced positioning strategies for navigating concentrated market risks into 2026.

CMNIX: Steady Performance Through Shifting Terrain

Calamos Market Neutral Income Fund delivered steady returns comparable to bond indexes while maintaining reduced interest-rate sensitivity through flexible tactical positioning. The fund capitalized on exceptional convertible issuance opportunities by expanding arbitrage allocations while enhancing its defensive hedged equity positioning. Once again, CMNIX demonstrated its effectiveness as a bond alternative capable of navigating shifting market conditions.


Resources

Subscribe to the Calamos Alternatives Snapshot
Why Convertible Arbitrage Is a True Market Neutral Strategy
Global Allocation Flexibility: The Secret Sauce
Defensive Equity vs. Fixed Income Alternative
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