Calamos Asset Management reported $27 billion in assets under management as of June 30, up 15% from the first quarter but down 34.5% from the year before.
Market appreciation of $3.5 billion and net sales of $100 million contributed to the second-quarter asset increase, according to a Calamos news release.
By asset class, equity totaled $10.2 billion, up 18.6% from the previous quarter but down 48% from June 30, 2008. Balanced assets totaled $7.6 billion, up 11.8% from March 31 but down 37% from a year earlier. Convertibles totaled $5.7 billion, up 18.8% from the previous quarter and 17% above a year earlier. High yield totaled $2 billion, up 17.6% from three months earlier but down 22% from the previous year ago. Alternatives were $1.2 billion, up 9.1% from March 31 but down 24% from a year earlier. Fixed-income was $181 million, up 8.4% from the previous quarter but down 10% from the previous year.
Second-quarter net income totaled $1.8 million, down 47.1% from the first quarter and 5.3% less than the year before. Revenue was $67.1 million, an increase of 13% from the first quarter but a 40% decline from a year ago.