From Bloomberg News | Financier John P. Calamos Sr., the founder of Naperville, Illinois-based Calamos Asset Management Inc., is being sued along with his firm by an investor who claims they needlessly spent $280 million to redeem illiquid auction-rate securities in 2008 and 2009.
Calamos
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Calamos posts better-than-expected Q2 results
U.S. money manager Calamos Asset Management Inc. posted better-than-expected quarterly results, helped by a rise in average assets under management. The company posted second-quarter earnings of $4.7 million, or 23 cents a share, compared with $1.8 million, or 9 cents a share, in the year-ago period. Get the full story »
