NAPERVILLE, Ill., Aug. 10, 2001 (PRIMEZONE) -- John P. Calamos, President and Chief Investment Officer of CALAMOS ASSET MANAGEMENT, INC., has announced that the firm has retained Cole Partners as marketing agent for its alternative investment products.
CALAMOS has specialized in convertible securities since 1977 and currently manages nearly $8 billion in assets. The firm has employed a convertible arbitrage strategy since 1988 and has now expanded into three alternative investment strategies that take advantage of its unique expertise in this area. The firm's combination of size, experience and infrastructure set it apart from others in the marketplace.
To meet the varied objectives and characteristics of individual investors, the firm offers both a leveraged and unleveraged convertible arbitrage strategy as well as a market neutral approach.
In announcing the agreement, Mr. Calamos said, "We look forward to working with Cole Partners to bring the CALAMOS alternative strategies to a wider range of qualified investors. While CALAMOS has offered alternative investments for many years, we are excited about intensifying our focus in this area of growing demand."
CALAMOS, under the leadership of John P. Calamos, Sr., President and CIO, has pioneered convertible investment strategies since 1977. The firm is well known in the financial industry for its research capability and employs a team of 25 investment professionals. Critical to their success has been an array of proprietary quantitative models developed and tested over time to evaluate convertible investment candidates and a strong adherence to a disciplined investment process.
In addition to its convertible securities portfolios, CALAMOS' Growth Fund* has earned the distinction of being the Number 1 growth fund of all growth funds tracked by Morningstar for its five-year performance record (#1 of 913 funds with a prospectus objective of growth for five years, #1 of 287 funds for 10 years, and #976 of 2481 funds for one year as of June 30, 2001)(a). This fund was initially created in 1990 to monitor the equity analysis process of the convertible selection models. Its impressive record and increasing well-earned recognition has widened the firm's presence beyond the institutional market to all investors.
About Cole Partners
Cole Partners is a strategic consulting firm specializing in alternative investments. Its mission is to offer sales and marketing services to investment managers to assist them in their goal of raising capital. The firm aims to be the outsourced sales and marketing department for its clients so that money managers can focus their efforts on trading, researching and delivering returns to their clients.
About CALAMOS ASSET MANAGEMENT, INC.
CALAMOS ASSET MANAGEMENT, INC. is an independent asset management firm specializing in convertible bond research and management. Headquartered in Naperville, Illinois, CALAMOS provides professional money management services to clients that include major corporations, public and private institutions, pension funds, insurance companies and individuals. The firm has experience in convertible bonds since 1977 and as of June 30, 2001, manages approximately $7.6 billion in assets. The firm also is investment advisor to a family of seven mutual funds.
Call CALAMOS FINANCIAL SERVICES, INC., the Funds' distributor, at 800.582.6959 for a CALAMOS Family of Funds prospectus, which contains more complete information. Investors should read the prospectus carefully before investing or sending money.
Past performance is no guarantee of future results.
* Investments by the CALAMOS Growth Fund in smaller companies present greater risks than investments in larger companies. (a) Source: Morningstar, Inc. As of 6/30/01, relative to all funds with a prospectus objective of growth, Morningstar ranked the CALAMOS Growth Fund 1 of 287 funds for 10 years, 1 of 913 funds for five years and 976 of 2,481 for one year. Ranking are based on total annual returns for Class A shares, which are not adjusted for sales charges.