Calamos Investments Adds to Fixed Income/High Yield Expertise
NAPERVILLE, Ill., Aug. 16, 2013 /PRNewswire/ -- Calamos Investments®*, a global investment management firm, announced the addition of two co-portfolio managers to its investment team. Jeremy Hughes, CFA, and Chris Langs, CFA, have joined Calamos with more than 40 years of collective investment experience. Most recently, Messrs. Hughes and Langs worked together at Aviva Investors overseeing high yield assets.
At Calamos, the pair will contribute their expertise to managing the firm's fixed income/high yield strategies, including the Calamos High Income Fund. Like all Calamos strategies, the firm's fixed income/high yield portfolios are managed within a team-driven structure.
"We are pleased to welcome Jeremy and Chris to our investment team. Throughout the firm's history, we have sought to expand our investment capabilities both through cultivating internal expertise as well as by hiring experienced professionals," stated John P. Calamos, Sr., CEO and Global Co-Chief Investment Officer.
He continued, "A team approach benefits our clients by ensuring continuity of process and philosophy. Each team has specialized responsibilities—in this case, fixed income/high yield—but all teams draw upon each other's insights and research. This balance of specialization and collaboration gives us an edge in identifying opportunities in the fixed income/high yield market."
Gary Black, Global Co-Chief Investment Officer, added, "We see significant opportunities for U.S. and global fixed income/high yield strategies. The complexities of the global markets—including those associated with a changing interest rate landscape—demand a strong fundamental approach and a high degree of specialization. Jeremy and Chris will be instrumental in enhancing our long-standing fixed income/high yield capabilities."
The addition of Messrs. Hughes and Langs to enhance management of the firm's fixed income/high yield strategies continues a measured and strategic expansion of the Calamos investment team, including the addition of a Value Equity Team and a Long/Short Team in 2012, as well as numerous additional hires at all levels of the investment organization.
For more information on Calamos' fixed income/high yield strategies, please visit www.calamos.com/highincome and www.calamos.com/FundInvestor/closedendfunds.
About Calamos
Calamos Investments is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments, among others. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York.
*Calamos Investments LLC, referred to herein as Calamos Investments®, is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP and Calamos Financial Services LLC.
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 the Calamos High Income Fund include: high income risk, convertible securities risk, synthetic convertible instruments risk, interest rate risk, credit risk, liquidity risk and portfolio selection risk.
The principal risks of investing in the Calamos Total Return Bond Fund include: interest rate risk, credit risk, high yield risk, liquidity risk, mortgage-related and other asset-back securities risk, including extension risk and prepayment risk, U.S. Government security risk, foreign securities risk, non-U.S. Government obligation risk and portfolio selection risk.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 1-800-582-6959. Read it carefully.
SOURCE Calamos Investments
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