NAPERVILLE, Ill., April 29 /PRNewswire-FirstCall/ -- Speaking at the prestigious Milken Institute Global Conference, John P. Calamos, Sr., Chairman, CEO and Co-Chief Investment Officer of Calamos Investments, told the audience that he has not seen the current opportunities in convertible securities in more than 30 years of investment management experience.
"The recent systemic selloff has created a very rare opportunity for long-term investors," Calamos said. "Traditionally used as a low-risk equity alternative, convertibles can be effectively used to provide an improved risk/reward profile within a defensive equity objective - particularly in today's highly volatile markets," he said.
Hosting a panel entitled "Convertible Securities in Today's Markets," Calamos led a discussion that outlined:
-- For corporations: the potential benefits of issuing convertibles to raise capital, investor appetite in the current environment, typical uses of raised proceeds, and terms of recent convertible issues. -- For institutional investors and advisers: where convertibles fit into various asset allocation models, including how they can be used as defensive equity, enhanced fixed-income or alternative equity investment strategies. -- For all market participants: what the future holds for convertible arbitrage strategies, including how they can play a constructive role on a non- or low-leverage basis.
"Convertibles are a wonderful but often misunderstood security. Once again, the convertible market is very active, presenting compelling opportunities for issuers and investors alike."
About John P. Calamos, Sr.
John P. Calamos, Sr., is Chairman, Chief Executive Officer and Co-Chief Investment Officer of Calamos Investments. A recognized authority on convertible securities, he has pioneered investment strategies and techniques to help manage risk for institutional and individual investors over the course of more than 30 years. He has written two books on convertible investing, along with numerous articles in various financial journals. He is also a frequent guest on national syndicated financial television networks.
About Calamos Investments
Calamos Investments is a globally diversified investment firm offering equity, fixed-income, convertible and alternative investment strategies, among others. The firm serves institutions and individuals around the world via separately managed accounts and a family of open-end and closed-end funds, providing a risk-managed approach to capital appreciation and income-producing strategies. For more information, visit http://www.calamos.com/ .
The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions and may not necessarily come to pass.
Calamos Investments
CONTACT: Julie Crothers, or Christine Jacobs, both of Edelman,
+1-312-240-2942, calamosmedia@edelman.com, for Calamos Investments
Web Site: http://www.calamos.com/
