Calamos Investments has appointed Michael Grant (pictured), Senior Vice President, to lead portfolio management of the firm’s approximately USD2.3 billion in US growth strategies, including the USD1.8 billion Calamos Growth Fund (CVGRX).
With 30 years of investment management experience, Grant joined Calamos in 2015 following the acquisition of his firm, Phineus Partners LP, where he launched a successful long/short investment strategy that was reorganised into a retail mutual fund, Calamos Phineus Long/Short Fund (CPLIX), in 2016.
“Michael is an exceptional investment manager with a demonstrated track record of performance. He will apply his deep knowledge and expertise as part of the team responsible for the Calamos US growth strategies. This step is a continuation of our mission to strengthen our existing capabilities as we address the evolving needs of our clients,” Calamos Cjief Executive Officer John Koudounis says.
John P Calamos, Sr, Founder, Chairman and Global Chief Investment Officer, says: “Michael has brought to Calamos a breadth of experience across asset classes, including in US growth equities. His proven capabilities and approach to the markets make him an excellent addition to the investment team of our US growth strategies, including Calamos Growth Fund.”
Under Grant’s management, Calamos Phineus Long/Short Fund ranks in the 1st percentile for both the since inception and 10-year periods ending December 31, 2016 within the Morningstar US Funds Long/Short Category. Prior to founding Phineus Partners in 2002, Grant held a variety of investment positions at Schroders Investment Management, including Managing Director, Head of the US Equity Team in London, and Head of the Global Technology Team. As Head of the US Equity Team, he was responsible for multi billions of dollars in long-only assets, primarily in US mandates. During his tenure as Head of the Global Technology Team, Schroders had more than USD30 billion in technology equities under management. Earlier in his career, Grant was a portfolio manager for the National Investment Trust Co in Taipei, Taiwan, and a US equity analyst for the Principal Group in Canada.
In 1998, Grant was listed as one of the Top 10 Best Managers of US Equities (Overseas) by Forbes magazine. He earned a master’s degree from the London School of Economics.