Investments
A Customized Approach to Portfolio Construction
We take a multi-asset class approach to portfolio construction, which we believe creates opportunities for clients to potentially achieve higher risk-adjusted returns.
Our numerous investment vehicles include customized separately managed accounts, alternative investments, and selective access to private offerings for accredited investors, and Unified Managed Accounts (UMA), which is a single account able to hold a variety of investment vehicles and provide access to vetted third-party investment organizations. Through our flexible approach, we can also use the following vehicles:
- Separately Managed Accounts
- Individual Equities
- Individual Fixed Income
- Individual Convertibles
- Individual Alternatives
- Specialty Assets
- Private Placement
- Private Equity
- Private Debts
- Real Estate
- ETFs
- Mutual Funds
- Master Limited Partnerships
- Interval Funds
Global Access to Public and Private Markets
The breadth of our expertise and research capabilities across asset classes and investment strategies enables us to address the most specific opportunities and mandates.
Equity
- US Large Cap
- US Mid Cap
- US Small Cap
- Infrastructure
- MLPs
- International Developed
- Emerging Markets
- Frontier Markets
- Global
Fixed Income
- US Core
- Munis
- Munis High Yield
- Corporate Bonds
- High Yield
- Floating Rate
- International
- Emerging Markets
Alternatives
- Convertibles
- Hedge Funds
- Market Neutral
- Global Macro
- Managed Futures
- Currencies
- Private Equity
- Private Debt
- Private Real Estate
- Commodities
Environmental, Social & corporate Governance (ESG)
- International Sustainable Equities
- US Sustainable Equities
- Global Sustainable Equities
Private Investments
The addition of private alternative investments into a traditional portfolio increases diversification, may reduce overall volatility, and may improve long-term performance.
The following are characteristics of private alternative investments:
- Historically lower correlation to public markets
- Generally, an absolute return focus
- Typically higher fees (management fee, fund expenses, and carried interest, usually above a preferred return)
- Expected long–term return premiums
- Monthly or quarterly valuations
- Potential for enhanced income
- Liquidity constraints
Private Equity
- Secondaries
- Leveraged Buyout
- Growth Equity
- Co-investments
- Venture Capital
Private Debt
- Direct Lending
- Mezzanine Debt
- Distressed Debt
- Opportunistic Credit
- Specialty Finance
Private Real Assets
- Core Real Estate
- Value-Add Real Estate
- Opportunistic Real Estate
- Infrastructure
- Natural Resources
Hedge Funds
- Market Neutral
- Multi-Strategy
- Long-Short Equity
- Event-Driven
- Macro/Managed
- Futures
Hedging and Income Enhancement Strategies
Certain option strategies can support multiple investor objectives. With our dedicated team of specialists, we are able to customize these strategies to potentially enhance a portfolio’s income, protect principal, and to buy or sell securities at predetermined prices.
Strategies include:
- Covered Call, the sale of call options to potentially generate additional income and enhance portfolio yield.
- Targeted Price Points, through the use of calls and puts we can enter or exit positions at predetermined prices.
- Long Put Option Purchases, a risk management strategy in which investors purchase insurance on their portfolio or a concentrated stock position.
Customized Tax Aware Approach
As clients transition their current portfolios to Calamos, we remain mindful of the potential unintended consequences of liquidating holdings, incurring unnecessary tax burdens or losing in future value.
Our experience and expertise in navigating complex circumstances is unrivaled, specifically relating to the following:
- Tax-Loss Harvesting
- Concentrated Positions
- Position Overlap
- Limited Liquidity
- Large Unrealized Gains
- Specific Client Requests
- Restricted Stocks