plans to liquidate the $15.8 million Calamos Multi-Fund Blend Fund
early next year. The fund-of-funds invests equally in three Calamos mutual funds: Growth
and Global Growth
. The three will remain open.
Multi-Fund Blend stopped accepting new investments at the close of business yesterday. The fund will be liquidated on
or about January 31, 2011. [SEC filing
"Given the Fund's size, economies of scale were sorely
lacking in the attempt to combine our Growth, Value, and
Global Growth and Income products, as most investors
instead gravitated to these individual component funds,"
company officials wrote in a Q&A posted on Calamos' Web site.
"Therefore, the Fund seemed to have outlived its intended
purpose, leading us to view a recommitment to our
existing competencies and product line as a more prudent
deployment of effort and resources at this time," they added.
Armie Margaret Lee
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