Calamos Investments has strengthened its position in the global alternatives space with the acquisition of San Francisco-based global long/short manager Phineus Partners.

Founded in 2002 by Michael Grant, Phineus is a fundamentally-driven investment firm that, like Calamos, employs a blend of bottom-up and top-down considerations and has built customised portfolios for private investors, families, endowments and institutions.
 
"Following a rigorous due diligence process, we are impressed with the investment capabilities that Michael and his team have built," says John P Calamos, Sr (pictured), CEO and Global Co-Chief Investment Officer. "Michael and his team will be a great addition to the Calamos investment team culture and their strategies will be an important addition to our existing liquid alternatives platform, an arena we have been involved in for more than 20 years."
 
"We were drawn to Calamos because of the firm's long track record in the liquid alternatives space and our similar investment philosophies, combining rigorous research with secular themes in our aim to produce positive risk-adjusted performance," says Phineus Founder Michael Grant. "We look forward to utilizing Calamos' strong brand, marketing and distribution capabilities to assist us in broadening our client base."