Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: At first glance, convertible bonds issued by Tesla would seem at odds in a mutual fund designed to provide consistent returns and low volatility in every kind of market. Yet when Elon Musk says or does something that rattles shares of the electric-car maker, it can work to the advantage of investors in the $6.3 billion Calamos Market Neutral Income fund.
“I don’t care, theoretically, whether the stock goes up or down,” says Eli Pars, the lead manager of the fund (ticker: CVSIX) since 2014 and a co-chief investment officer at Calamos Investments. “I’m going make money from that volatility.” Regards, Ted https://www.barrons.com/articles/making-money-in-any-market-1539191075?refsec=funds
