The stock market plunge of 2008 and 2009 has been painful for Calamos Asset Management, but things are looking up. The Naperville, Illinois-based asset manager posted net income of $2.59 million in the third quarter, compared to a loss of $799,000 in the year-ago period.

Calamos' AUM rose $3.5 billion in Q3 to $30.5 billion at the end of September. Revenues increased 10 percent from Q2, to $73.8 million.  

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