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Convertible Bond Expert Calamos Prepares IPO

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NEW YORK (HedgeWorld.com)–Calamos Asset Management Inc., a manager of convertible arbitrage and other strategies in a variety of vehicles including hedge funds, registered with the Securities and Exchange Commission the initial public offering of its Class A common stock.

Citigroup and Merrill Lynch & Co. are the underwriters, with Goldman Sachs & Co. and UBS Investment Bank as co-lead managers. The estimated value of the offering is US$100 million.

Naperville, Ill.-based Calamos runs US$32.3 billion in assets for institutions and individuals, in mutual funds, closed-end funds, separate accounts and hedge funds. Founded by John Calamos Sr., the firm is led by him and Nick Calamos.