US double downturn
US asset manager Calamos Investments has closed two of its Ucits funds after failing to attract enough assets this month, Citywire Switzerland’s sister site Citywire Americas has revealed.
The Ireland-domiciled Calamos US Growth fund and the Calamost Global High Yield fund were both shut on 2 February.
Both were run by the founder of the Illinois-based investment firm John Calamos.
Combined, the two funds had approximately $21 million in assets under management, most of which came from corporate assets. It has been confirmed the assets will be redeployed to building new investment vehicles.