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.
Black previously 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 C. Bernstein.
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.