Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Calamos Posts a $26 Million Loss Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 28, 2009

Calamos Posts a $26 Million Loss

by: Armie Margaret Lee

Calamos Asset Management posted a $26 million loss in the fourth quarter, compared with net income of $9.2 million in the year-ago period. Revenues fell to $66.9 million from $124.5 million a year ago. Mutual fund AUM totaled $17.49 billion at the end of 2008, down from $34.83 billion in 2007.

"As we close out the year, the largest impact to our business in terms of asset values, fees and market prices occurred during the fourth quarter," said John Calamos, Sr., chairman, chief executive officer and co-chief investment officer.

Earlier this month, Naperville, Illinois-based Calamos announced it was cutting 47 jobs, representing about 12 percent of its workforce. The cuts do not affect the firm's investment team. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use