New Year, New Risks: What to Know About Putting Convertible Securities to Work in 2021
As a sequel to Advisor Perspectives’ best-attended sponsored webcast of 2020, our Feb. 4 webcast will prepare you to put convertibles to work to anticipate risks that include a new administration with new priorities, rising rates, and even the ever-changing convertible market.
Convertibles were by far the best performing major asset class last year, and hundreds of investment professionals experienced the benefit of using them for the first time. Join us as our panel of preeminent experts—including John P. Calamos, Sr., who is widely recognized as the pioneer of using converts to manage risk/reward—advance the discussion. You’ll learn about evolving convertible market dynamics (including near-record levels of issuance and new issuers) and the additive effect of actively managed convertibles as a risk-managed allocation.
Adding Convertible Strategies to Your Playbook
What’s your best guess about what happens next? Seesaw markets? V-shaped recovery? Further equity declines?
Join us at 2 p.m. ET Thursday, May 7 to hear about how convertible securities can help you prepare for multiple possible scenarios. At all times, convertibles are a strategic allocation that can provide added diversification to a portfolio. What’s intriguing investment professionals in this turbulent environment is how convertibles have historically helped manage the risk of equity investing.
Because they’ve provided comparable equity returns with less volatility, including convertibles in a portfolio can help keep clients invested.
Headlining our webcast panel will be Calamos Founder, Chairman, and Global Chief Investment Officer John P. Calamos, Sr., widely recognized as the pioneer of the convertible asset class. Joining John will be:
- Eli Pars, CFA, Co-CIO, Head of Alternative Strategies and Co-Head of Convertible Strategies,
Senior Co-Portfolio Manager, including of Calamos Market Neutral Income Fund (CMNIX), the industry’s largest alternative fund (Morningstar data, 3/31/20)
- Joseph Wysocki, CFA, Senior Vice President, Co-Portfolio Manager, including of the
Calamos Convertible Fund (CICVX)
Staying Opportunistic with Convert Arb, Hedged Equity Positioned CMNIX for Rally Back
The dual strategies of convertible arbitrage and hedged equity helped Calamos Market Neutral Income Fund (CMNIX) weather the recent drawdown while being positioned for future opportunities.
After the Election: Capitalizing on Market Sentiment and Volatility
In our alternative portfolios, we have the flexibility to use a range of sophisticated strategies—bullish, neutral and bearish hedges, convertible arbitrage and covered call writing, etc. Guiding principles include taking advantage of opportunities the market presents.