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Calamos Asset Management Reviews

53 reviews

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2.8
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Calamos Asset Management Chairman, CEO, and Co-Chief Investment Officer John P. Calamos Sr.
John P. Calamos Sr.
33 Ratings

53 Employee Reviews

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Pros
  • Great location, free lunch, very clean and organized building (in 35 reviews)

  • Work life balance, commute, beautiful office (in 11 reviews)

Cons
  • For years the company has had negative investment performance and sales outflows (in 4 reviews)

  • Bad people fester and thrive while good people that care and work hard are chewed up and spit out (in 3 reviews)

More Pros and Cons

  1. Helpful (1)

    "Best company to work for outside Chicago"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Naperville, IL
    Current Employee - Anonymous Employee in Naperville, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Calamos Asset Management full-time (More than 5 years)

    Pros

    Fantastic management team, free lunch, work-life balance, solid benefits, flexibility in hours, relaxed environment. Market and summer hours and holidays

    Cons

    Some departments struggle with communication with management, overcoming challenging investment performance. Have not experienced it personally, but seems that other departments have issues with micromanagement and employee turnover

    Advice to Management

    You need to keep the great employees happy. Base compensation of management and investment team on their performance.


  2. Helpful (14)

    "The Real Story"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Naperville, IL
    Former Employee - Analyst in Naperville, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Free lunches, beautiful office space, great benefits, easy work/life balance, no one works too hard

    Cons

    This is not your typical buy side firm.

    There is little fundamental research or investment culture here -- there are few company meetings, the analysts don't build detailed earnings models, investment debates tend to be focused on capital allocation and governance rather than market share, pricing, margins, and other fundamentals. Importantly, the analysts and pms tend to rely on the firm's proprietary timing tools developed 20 years ago by the CEOs nephew, with primary inputs like earnings surprise, earnings momentum, and price momentum. Following a period of bad performance from 2010-2012, a new CIO was brought in to beef up the investment team and research process. He hired about 25 analysts from good firms with strong research skills. Performance improved sharply in 2013 and 2014!, and flows which had been negative for years turned positive in 2015.

    But the two different cultures clashed and the old guard complained about being asked to travel to meet companies, forecast earnings, and base valuations on multiples and DCFs. They complained that the new analysts made more than the old analysts and the CIO and most of the new hires left in 2015 given the culture clash.. The CEO took over management of the investment team in addition to everything else. Not surprisingly, investment performance went south, flows turned back negative, and morale tanked.

    Advice to Management

    The CEO should step aside and take on a chairman's role. He should bring in a new CIO to run the investment team and someone else to run the firm, cut costs, and focus on sales and marketing. I seriously doubt any of this will happen as the CEO still runs this like a family business and trusts no one but his two children who both work there, but who don't have the work ethic or business sense to run the firm.


  3. Helpful (2)

    "Helpdesk"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Naperville, IL
    Former Employee - Anonymous Employee in Naperville, IL

    Pros

    Two option 401k, free lunch, 27 days pto plus 3-5 sick days

    Cons

    Cliquey groups, very small IT, not a true helpdesk.


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  5. Helpful (3)

    "so-so company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Representative in Naperville, IL
    Former Employee - Client Service Representative in Naperville, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Calamos Asset Management full-time (More than 5 years)

    Pros

    Great benefits, nice work environment, great location

    Cons

    publicly traded company still trying to operate as a family-run company.

    Advice to Management

    offer training to allow employees to move up in company


  6. Helpful (10)

    "Company in Turmoil"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Wholesaler in Naperville, IL
    Former Employee - Wholesaler in Naperville, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Calamos Asset Management full-time (More than a year)

    Pros

    Great facility, free lunch and snacks, nice people, good work/life balance. Employees are very friendly and want to be helpful to new employees when they are hired.

    Cons

    Company feels unstable. Morale is low. Turnover has gone through the roof over the past few months - CIO, chief risk officer, chief compliance officer, head of human resources all gone. Also several senior analysts on the investment team have left. Company recently lost its largest institutional client and put on hold by largest retail client due to high turnover.

    Advice to Management

    Need to bring in new leadership to right the ship. Senior exec team not respected by the troops. No vision, overly political, if you agree with the CEO you get ahead, others shown the door.


  7. Helpful (8)

    "Investment Team Turnover"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Naperville, IL
    Former Employee - Analyst in Naperville, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Calamos Asset Management full-time

    Pros

    I was an analyst on the investment team. There are many smart people there who worked hard who want to improve investment performance. Most of the new analysts are leaving or are looking for new jobs.

    Cons

    For years the company has had negative investment performance and sales outflows. The CIO just left who was hired to turn around performance and was replaced by four portfolio managers who are called Co-CIOs which is a joke. Most of the senior analysts and the chief risk officer brought in by the CIO have left or are looking for jobs. The company is going back to the old model of using the CEO's top down macro outlook and their basic quantitative tools and which doesn't need analyst inputs. There is no investment culture and many analysts spend their time looking for jobs rather than analyzing companies.

    Advice to Management

    Nothing will change. The CEO should get rid of those who caused the negative performance but iseems to be going back to the old process.


  8. Helpful (2)

    "Fake Buy side this place is a flippin joke full of jokers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Manager in Naperville, IL
    Former Employee - Portfolio Manager in Naperville, IL
    Doesn't Recommend
    Negative Outlook

    I worked at Calamos Asset Management full-time (More than 5 years)

    Pros

    Work life balance, really easy work as this place is run by fools and jokers.

    Cons

    Management sucks and pay and staff are awful. If they are not closed in a year I would be suprised. Just look at how many jobs they post revolving door of fools. Most likely out of business very soon. Run by founders son, always a leads to failure.

    Advice to Management

    close it down Calamos is awful and most of the employees hate management and working at this junk hole.


  9. Helpful (7)

    "Okay but glad I'm gone"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales in Naperville, IL
    Former Employee - Sales in Naperville, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Calamos Asset Management full-time (More than 5 years)

    Pros

    Good Pay when I was there between 2004-2009. Nice facilities, Free Lunch. Its a good story to tell if you sell the funds. Convertible Bonds expertise is very well known.

    Cons

    John Calamos Sr has no vision for Calamos Investments looking out 10 to 20 years. No appreciation for Sales Department- John Calamos always considered the sales department a necessary evil and really lets you feel it. A lot of existing and tenured employees who are earning a lot of money but add minimal value exist over there. Sr. hires a lot of Managers than fires them after giving them little or no latitude. Executive Leaders can't handle the micro management and abuse from the boss. It's always been a revolving door of Senior Leaders on 2020 Calamos Court. I've heard on many occasions that he can manage money but can't manage people. Recruiter once told me "Congrats on leaving the John and Nick show". Nick is gone now who was the brains of the organization. They seem to be stuck at the same asset level for the last 8 years simply because investment performance has been mediocre. Brokers who sell the funds don't have the same respect that was there 10 years ago.

    Advice to Management

    Give some latitude to Senior Managers. Give your sales folks another market update and outlook to share. They've been singing the same song since 2004.


  10. Helpful (1)

    "Good place to work, management lacks direction"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Architect in Naperville, IL
    Current Employee - Senior Architect in Naperville, IL

    I have been working at Calamos Asset Management full-time (More than 3 years)

    Pros

    work environment, nice building close to the highway.

    Cons

    opportunities to work on interesting projects.

    Advice to Management

    clean house at the management level.


  11. Helpful (1)

    "Calamos Investments : Operations"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Operations in Naperville, IL
    Current Employee - Investment Operations in Naperville, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Calamos Asset Management full-time (More than 3 years)

    Pros

    Easy, good working environment, free lunch.

    Cons

    Very political, movement to other areas of the firm are difficult.

    Advice to Management

    Provide opportunities for growth, more transparency.



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