John P. Calamos, Sr., and Nick P. Calamos discuss their “short-term bullish, longer-term scared” economic outlook. They explain why a case can be made for a bull or bear market over the next decade and the factors the Calamos investment team considers as they assess the global economy and its opportunities.

In “Clear Sky Ahead?” John P. Calamos, Sr., and Nick P. Calamos provide their perspective on the markets and economy. Data suggests that the recession has likely ended, and corporate America looks to be in good shape. However, high national debt levels and excess spending cast a longer-term shadow. In this environment, the Calamos investment team believes that global perspective is essential for understanding and capitalizing on investment opportunities.

The past decade saw U.S. government debt outperform the S&P 500 Index. For many investors, wary of equities' lagging performance, increasing allocations to fixed income appears an attractive option. While fixed income is an essential part of any well diversified plan, we caution investors against letting uncertainty drive an increase of debt holdings at the expense of equity allocations. In this paper, we outline some concerns for long duration debt and some factors that suggest a favorable environment for equity.

The Calamos International Growth strategy seeks to provide true growth exposure to non-U.S. equities, with the investment objective of outperforming the MSCI EAFE and MSCI EAFE Growth indices. The strategy looks for mispricings across international growth equities—a space we believe is often overlooked by investors and is underrepresented by non-U.S. equity indices. The International Growth strategy uses Calamos Investments' proprietary non-U.S. company research, which has been refined over the firm's 20-year history of non-U.S. securities investing.

The Calamos Global Opportunities strategy is a defensive equity investment solution for global equity mandates. Historically, the strategy has provided investors upside appreciation, downside protection and dampened volatility. This paper explains the advantages of a broader investment universe, discusses the strategy's risk and return characteristics, and provides a look at its peer group ranking over multiple metrics and time periods.

The Calamos Global Opportunities strategy is a defensive equity investment solution for global equity mandates. Historically, the strategy has provided investors upside appreciation, downside protection and dampened volatility. This paper explains the advantages of a broader investment universe, discusses the strategy's risk and return characteristics, and provides a look at its peer group ranking over multiple metrics and time periods.

In “‘Hair-of-the-Dog’ Economic Policies or Buying Time to Heal?” John P. Calamos, Sr. and Nick P. Calamos discuss why they believe the near-term looks promising for the economy and equity markets. They also share their reasoning for a more cautious long-term economic outlook, and summarize how the Calamos investment team is positioned for the opportunities and challenges an evolving global economy.

In “The Shape of Things to Come,” our co-CIOs discuss the potential implications of current economic policies, their view of global growth drivers, and where our investment team is finding opportunity.

Convertible securities were boosted by underlying equities and a speculative grade rally.

High yield bonds advanced in November for the ninth straight month as investors believe the global economy will remain on the path to recovery.

Almost all major regions and countries posted positive returns as the global economy continues to move ahead.

John P. Calamos, Sr. encourages investors to maintain a long-term, global perspective.

John P. Calamos, Sr., discusses the current opportunity for growth investors, particularly in the technology sector and global markets.

Nick Calamos comments on the potential for a "double dip" in the economy. Also included: additional video commentary from Nick taped after appearance.

John P. Calamos, Sr., discusses the firm's succession planning, and the central role of teamwork within the Calamos investment process.

John P. Calamos, Sr., discusses risk management as a cornerstone of the Calamos approach. He also explains how the investment team seeks to manage risk in our "defensive equity" strategies.