Calamos hires Gary Black as co-CIO

Money manager Calamos Investments has appointed Gary Black, former chief executive of rival Janus Capital Group, as global co-chief investment officer.

Black replaces Nick P. Calamos, currently president and co-chief investment officer, who will leave the role to pursue “personal interests,” the firm confirmed. He will continue to serve as a member of the Calamos Board of Directors.

Calamos is the nephew of founder and chief executive John Calamos Sr (pictured).

“During our 35-year history, Calamos has served a global base of clients through an institutional investment process and a focus on long-term results. Gary brings 20 years of investment and leadership experience to our firm. His expertise complements that of our long-tenured teams and supports our strategic roadmap for delivering investment performance and evolving our global investment platform,” Calamos Sr said.

Black ran Janus from January 2006 to 2009. At Calamos, he will oversee portfolio management, research, trading and risk management.

The Illinois-based firm will also be adding a long/short equity strategy by acquiring Black’s current company, Black Capital LLC.

Calamos Investments, a unit of Calamos Asset Management, had $33.6bn under management at the end of July.

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