Calamos Asset Management, Inc. has announced a co-branding and investment management agreement with Swiss bank Union Bancaire Privee (UBP).
Under the agreement, Geneva-based UBP now offers the Calamos growth strategy under the brand name UBAM – US Equity Growth, and Calamos Advisors LLC has been appointed as sub-manager for the sub-fund. The Calamos name will be added to the sub-fund’s name upon regulatory approval in the near future. UBP offers its UBAM sub-funds to institutional and individual investors via an extensive network of relationships with financial advisors and brokers, primarily in Europe. UBAM equity and fixed income sub-funds had more than USD $4.5 billion in assets under management at March 31, 2005.
“Although we have been managing institutional and high net worth accounts globally, this is the first time we’ve had a fund distribution arrangement outside the United States,” said John P. Calamos, Sr., chairman and chief executive officer of Calamos Asset Management. “We expect this partnership to grow and diversify our international client base while building awareness of the Calamos brand. In addition, we are enthusiastic about working with UBP, which is one of Switzerland’s leading private banks.”
“We chose Calamos Asset Management as our U.S. equity growth investment advisor after extensive due diligence,” said Andre Gigon, managing director of UBP. “Our goal is to offer clients access to the best fund managers in each asset class. Calamos Asset Management impressed us with its strong investment performance record and emphasis on managing risk, which seeks to improve the quality of returns to its investors over a variety of market cycles.”