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Calamos chooses State Street for US and global products

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State Street has been selected by Illinois-based Calamos Investments to provide custody, fund administration and securities lending services to Calamos’ collective fund structures.

The funds include open and closed end mutual funds, Dublin Ucits and private funds exceeding USD21bn in assets.

With this consolidation, State Street now provides full back-office services for all of Calamos’ collective fund structures. 

“By further consolidating our operations with State Street, it provided us with a seamless model which has resulted in additional efficiencies in our processes, enabling us to better serve our clients,” says Nimish Bhatt, senior vice president of Calamos Advisors and chief financial officer of Calamos Funds. “State Street understands our complex investments and associated accounting requirements. The consistency and expertise of its fund accounting and fund administration teams also ensure continuity of service quality for our funds.”

 “We have enjoyed our partnership with Calamos during the past five years and appreciate the value it sees in expanding our relationship to include additional services,” says Alan Greene, executive vice president of State Street. “Growing our market share within the US mutual fund arena will help ensure we stay ahead of the changes in the industry and develop solutions for our customers.”

Calamos Investments has more than USD30.5bn in assets under management and provides investment advisory services to institutions and individuals seeking superior risk-adjusted returns over the long term.

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