NAPERVILLE, Ill., Jan. 9 /PRNewswire-FirstCall/ -- Calamos Asset Management, Inc. today announced that it has reduced its staff by approximately 12 percent.
John P. Calamos, Sr., Chairman, Chief Executive Officer and Co-Chief Investment Officer, said, "After evaluating the impact of the unprecedented deterioration in the global financial markets, these changes were made to help align the company's cost structure with the current level of assets under management and revenues."
"We have reduced expenses and staff by more than 40 positions across the company. However, we believe we remain competitive and are well positioned to seek growth opportunities in the marketplace," Mr. Calamos stated.
About Calamos Asset Management
Calamos Asset Management, Inc. is a diversified investment management firm offering equity, fixed income, convertible and alternative investment strategies, among others. The firm serves institutions and individuals via separately managed accounts and a family of open-end and closed-end funds, offering a risk-managed approach to capital appreciation and income-producing strategies. For more information, visit http://www.calamos.com/.
