3 Reasons Driving the Opportunities Set in Convertible Arbitrage in 2023

February 24, 2023

Hear Eli Pars, CFA, Co-CIO, Head of Alternative Strategies, Co-Head of Convertible Strategies, and Senior Co-Portfolio Manager discuss why there are multiple reasons he has a positive outlook on convertible arbitrage opportunities in the current market.

Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.

Important Risk Information. An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

The principal risks of investing in Calamos Market Neutral Income Fund include: equity securities risk consisting of market prices declining in general, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.

Media Appearances

Rate Cuts Happened. Will They Have Any Effect on CMNIX?

September 24, 2024

David O’Donohue, SVP, Co-Head of Alternative Strategies, Senior Co-PM, explains why Calamos Market Neutral Income Fund (CMNIX) may offer portfolio stability during rate cuts.

Why Go Market Neutral on Bonds

August 13, 2024

Market volatility is inevitable, but preparation is key. Calamos Market Neutral Income Fund (CMNIX) was designed to offer stability and consistent outperformance compared to traditional bonds – even in turbulent times.

Four Compelling Reasons to Stay the Course with CMNIX

July 18, 2024

In a short Q&A video, Co-CIO Eli Pars and Co-Portfolio Manager David O’Donohue highlight four ways Calamos Market Neutral Income Fund (CMNIX) can potentially provide investors with attractive risk/reward in today’s complex investment environment.

Why We Think Merger Arbitrage Is a Great Opportunity

May 12, 2023

Hear Jason Hill, SVP and Co-Portfolio Manager discuss why we think merger arbitrage is a great opportunity and what sets our merger arbitrage strategy apart.