What is Calamos Convertible?

Convertible securities are an opportunity for investors who want to participate in equities but are willing to exchange the maximum possible upside for protection against the downside of equities. The asset class was pioneered by Calamos Founder, Chairman and Global CIO John P. Calamos, Sr., more than 40 years ago.

What does Calamos Investments do?

The fund offers an active, risk-managed strategy to access growth opportunities in emerging markets. The fund invests in emerging market-domiciled and developed market-domiciled companies with significant revenue exposures attributable to emerging markets.

Is Chi a closed end fund?

Calamos Investments Announces Five Closed-End Funds (NASDAQ: CHI, CHY, CCD, CSQ, and CPZ) to Raise Monthly Distributions Payable in February 2021. Calamos Investments®* announced today the raising of the monthly distribution rate of five of its closed-end funds.

Is Calamos Investments a hedge fund?

In 1990, the firm launched its Market Neutral Income Fund, billed as one of the first liquid alternative investment funds and providing access to hedge fund strategies for individual investors.

How do hedged equity funds work?

To achieve its Objective and Goals, the Hedged Equity Strategy uses a combination of long and short stocks, options, and ETFs (of all asset classes) to construct a reasonably diversified portfolio with an intentional exposure to market risk.

What is hedged equity?

Hedged equity involves buying equity in some form, as an underlying investment, and then securing a hedge to potentially offset losses connected to market risk (i.e., the whole market sells off or the economy slows due to unpredictable events, like COVID-19 or a mortgage crisis).

Who owns a hedge fund?

Hedge fund management firms are often owned by their portfolio managers, who are therefore entitled to any profits that the business makes. As management fees are intended to cover the firm’s operating costs, performance fees (and any excess management fees) are generally distributed to the firm’s owners as profits.