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Calamos John P

Calamos converts Phineus Partners hedge fund to launch global long/short mutual fund


Calamos Investments has added to its liquid alternatives offering with the launch of the Calamos Phineus Long/Short Fund, a global long/short mutual fund. 

The fund's launch follows the September 2015 acquisition of San Francisco-based Phineus Partners by Calamos Investments. Michael Grant, Senior Vice President and Senior Co-Portfolio Manager, launched Phineus' Long/Short hedge fund in 2002 and will manage this new mutual fund with the same investment approach. Because the approach and GIPS-compliant investment history of Phineus Partners' long/short hedge fund is consistent with the transparency and liquidity requirements of a '40 Act fund, the new mutual fund will retain the strategy's near 14-year investment performance track record, which has outpaced both the S&P 500 and the MSCI World Index since inception in May of 2002.

John P Calamos, Sr (pictured), Founder, Chairman and Global Chief Investment Officer, says: "As an innovator in the liquid alternative space since launching one of the first alternative mutual funds in 1991, we are pleased to extend our alternative offerings to the global arena. Now more than ever, it is important that investors have risk-managed, liquid alternative offerings to address their global asset allocation needs. With its track record and tenured investment team, we believe the Calamos Phineus Long/Short Fund can serve a valuable role in our clients' global portfolios."

Grant says: "Having managed our strategy successfully through more than a decade of market cycles, I am excited for the opportunity to broaden investor access to our investment approach via the Calamos Phineus Long/Short Fund. Our time-tested process combines a top-down and bottom-up approach and seeks absolute returns by investing in global, publicly listed equities."   
Calamos currently manages approximately $3.8 billion across four products within the liquid alternative space.

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