August 24, 2012
--- Gary D. Black joined
Calamos Investments as global co-chief investment officer and a member of the
firm’s investment committee. ---
Black succeeds Nick P. Calamos, president of investments and co-chief
investment officer, who is stepping back from the day-to-day business of the
firm to pursue personal interests. He will continue to serve as a member of the
Calamos board of directors.
served as chief executive, chief investment officer, and a founding member of
Black Capital LLC. Before that, he was at Janus Capital Group, where he served
in roles including CEO, president and chief investment officer. Before Janus, Black
held various roles at Goldman Sachs Asset Management,
including CIO of global equities and head of GSAM’s U.S. distribution efforts. Black was executive vice president and head of Alliance
Bernstein’s global institutional business before joining Goldman Sachs. He
started his investment career in 1992 as a senior research analyst at Sanford
Black holds a
master’s degree in business administration from Harvard
Business School, and a bachelor’s degree in economics from the Wharton
School of the University of Pennsylvania.
John P. Calamos, Sr.,
the firm’s founder, chief executive officer and global co-chief investment officer,
and Black will lead the investment team and
oversee portfolio management, research, trading and risk management.
Calamos also said it had acquired Black Capital
LLC, founded by Gary Black. The addition of a
dedicated long/short equity investment team expands the firm’s existing
capabilities in alternative strategies and follows the firm’s addition of a
value equity investment team.