Calamos Global Growth Strategy Trails Index in Q4 2025

Diversified investment firm cites global policy uncertainty in quarterly commentary

Mar. 15, 2026 at 4:39pm by Ben Kaplan

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Calamos Investments, a diversified global investment firm, reported that its Calamos Global Growth Strategy trailed the index in the fourth quarter of 2025 amid highly rotational markets and continued global policy uncertainty.

Why it matters

Calamos is a major player in the investment management industry, offering a range of innovative strategies to institutional and individual investors. Their quarterly commentary provides insight into market conditions and performance of their actively managed funds.

The details

The Calamos Global Growth Strategy, which invests in U.S. growth equity, global equity, convertible, multi-asset and alternative assets, underperformed its benchmark index in Q4 2025. Calamos cited the highly rotational nature of markets during the quarter as well as ongoing global policy uncertainty as factors contributing to the strategy's relative underperformance.

  • The Calamos Global Growth Strategy commentary covers the fourth quarter of 2025.
  • The commentary was published on March 15, 2026.

The players

Calamos Investments

A diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange traded fund and UCITS funds.

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The takeaway

Calamos' quarterly commentary highlights the challenges facing active managers in highly volatile and uncertain market environments, underscoring the importance of diversification and risk management in global investment strategies.