NAPERVILLE, Ill., July 10, 2001 (PRIMEZONE) -- John P. Calamos, President and Chief Investment Officer of CALAMOS ASSET MANAGEMENT, INC., has announced that David J. Moret has joined the firm as Vice President and Senior Regional Director, West Coast.
Mr. Moret is responsible for working with financial advisors and consultants on the West Coast and their clients to represent CALAMOS' separately managed accounts and mutual funds. He has been in the financial industry since 1983, serving as Regional Vice President (sales) for John Nuveen and Company and Chase Asset Management following several years as a retail broker. He has a B.A. in Political Science from the University of Southern California (USC) and holds Series 7, 24, and 65 licenses.
In announcing the appointment, Mr. Calamos said, "Convertibles offer the income characteristics of bonds while also providing an opportunity to participate in potential gains of the underlying equities. Therefore, in today's challenging environment, advisors are offering CALAMOS convertible-bond portfolios as an attractive alternative for their clients' investment programs. We are pleased to welcome David Moret to our firm; David brings a great deal of experience in the financial industry, and we look forward to his sharing the exciting CALAMOS convertible-bond story with investors and their advisors."
About CALAMOS ASSET MANAGEMENT, INC.
CALAMOS ASSET MANAGEMENT, INC. is an independent asset management firm specializing in convertible bond research and management. Headquartered in Naperville, Ill., CALAMOS provides professional money management services to clients that include major corporations, public and private institutions, pension funds, insurance companies and individuals. The firm has experience in convertible bonds since 1977 and currently manages approximately $7.3 billion in assets. The firm also is investment advisor to a family of seven mutual funds.