The Calamos Hedged Equity Income Fund continues the firm's history of providing liquid alternative strategies, including covered call writing
The target fund makes investments in high-yield bonds, convertible bonds and equities, which includes covered call writing
In turbulent markets, such strategies as protective puts and covered call writing
may address many of the risk management objectives for insurers.
After discussing how market efficiency and emotions can sabotage investment performance (the latter the province of the field of behavioral finance), he details newer portfolio-enhancing strategies: enhanced indexing, protected leverage, covered call writing
, portable alpha, hedge funds and derivatives.
The survey reveals that covered call writing
is the most important objective of investors who use options.
While the core strategy of this new edition remains covered call writing
, the authors expand into more comprehensive option strategies that offer deeper downside protection or even allow investors to capitalize on market or individual stock volatility.
The principal risks of investing in the Calamos Market Neutral Income Fund include: equity securities risk, convertible securities risk, synthetic convertible instruments risk, convertible hedging risk, covered call writing
risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.
invests in the common shares of the six largest Canadian banks with selective covered call writing
in order to generate additional distributable income.
While the Fund currently seeks to achieve its investment objective through a long-short strategy and an opportunistic covered call writing
strategy, GPAM will manage the Fund utilizing a covered call strategy developed by GPAM to seek to utilize efficiencies from the tax characteristics of the Fund's portfolio.
The principal risks of investing in the Calamos Market Neutral Income Fund include: convertible securities risk, synthetic convertible instruments risk, convertible hedging risk, covered call writing
risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, non-U.
His strategies include portfolio protection and covered call writing
to generate income.
The fund's core strategies include the use of being both long and short the market beginning with convertible arbitrage, use of covered call writing