Calamos Phineus Long/Short Fund Reports Q4 2025 Results

The fund declined -1.32% on average net equity exposure of 16.6%

Mar. 18, 2026 at 10:19am by Ben Kaplan

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Calamos Investments, a diversified global investment firm, has reported the Q4 2025 results for its Calamos Phineus Long/Short Fund (Class I shares at NAV). The fund declined -1.32% during the quarter on an average net equity exposure of 16.6%.

Why it matters

The Calamos Phineus Long/Short Fund is one of the firm's key alternative investment strategies, providing investors with exposure to both long and short equity positions. The quarterly performance update offers insight into the fund's positioning and risk management approach during the market environment.

The details

The Calamos Phineus Long/Short Fund employs a flexible, opportunistic approach to investing in global equity markets, taking both long and short positions. The fund aims to generate positive returns in a variety of market conditions by identifying attractive long-term investment opportunities while also managing downside risk through short positions.

  • The Q4 2025 results were reported on March 18, 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.

Calamos Phineus Long/Short Fund

One of Calamos Investments' key alternative investment strategies, providing investors with exposure to both long and short equity positions.

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The takeaway

The Calamos Phineus Long/Short Fund's Q4 2025 performance reflects the fund's flexible, opportunistic approach to navigating global equity markets. As an alternative investment strategy, the fund's ability to generate positive returns in varied market conditions is an important consideration for investors seeking diversification.