Latest news with #CPSU
The Age
2 hours ago
- Politics
- The Age
An ice axe and a ‘gangland identity' spice up public-sector union fight
An anonymous email landed in Victorian prison officers' personal inboxes last month with a cryptic Gmail username: iceaxeforleon. Only those with a keen interest in 20th century Russian history might have grasped the reference. Communist revolutionary Leon Trotsky died when the assassin Ramon Mercader plunged an ice axe into his head. Just like Mercader's pickaxe, the email was pointed. Its target was Jiselle Hanna, a Corrections Victoria project officer and socialist activist who has nominated to be secretary of the Victorian branch of the Community and Public Sector Union (CPSU), which has 15,000 members spanning the breadth of the state's public service. The email, headlined 'A troubling campaign for union leadership' and addressed 'Dear member', raised 'serious concerns' about Hanna's campaign. It had received 'hostile endorsements', both from the Victorian Socialists' former Senate candidate Jordan Van Den Lamb, who had 'described law enforcement officers as militarised pigs', and to 'known underworld identity' Mick Gatto, claiming her campaign had accepted a $1000 donation from him. Loading 'Members deserve to know what kind of deal was struck in exchange for his financial support,' the letter said. Hanna was seeking to portray herself as the head of a grassroots movement, but was in truth part of a calculated hard-left political campaign to infiltrate the public sector union, the email claimed. Though the email was anonymous, its author left digital tracks. Supporters of Hanna used two-factor authentication to trace the Gmail account back to the staff email account of an employee of the Victorian branch of the CPSU.
Sydney Morning Herald
2 hours ago
- Politics
- Sydney Morning Herald
An ice axe and a ‘gangland identity' spice up public-sector union fight
An anonymous email landed in Victorian prison officers' personal inboxes last month with a cryptic Gmail username: iceaxeforleon. Only those with a keen interest in 20th century Russian history might have grasped the reference. Communist revolutionary Leon Trotsky died when the assassin Ramon Mercader plunged an ice axe into his head. Just like Mercader's pickaxe, the email was pointed. Its target was Jiselle Hanna, a Corrections Victoria project officer and socialist activist who has nominated to be secretary of the Victorian branch of the Community and Public Sector Union (CPSU), which has 15,000 members spanning the breadth of the state's public service. The email, headlined 'A troubling campaign for union leadership' and addressed 'Dear member', raised 'serious concerns' about Hanna's campaign. It had received 'hostile endorsements', both from the Victorian Socialists' former Senate candidate Jordan Van Den Lamb, who had 'described law enforcement officers as militarised pigs', and to 'known underworld identity' Mick Gatto, claiming her campaign had accepted a $1000 donation from him. Loading 'Members deserve to know what kind of deal was struck in exchange for his financial support,' the letter said. Hanna was seeking to portray herself as the head of a grassroots movement, but was in truth part of a calculated hard-left political campaign to infiltrate the public sector union, the email claimed. Though the email was anonymous, its author left digital tracks. Supporters of Hanna used two-factor authentication to trace the Gmail account back to the staff email account of an employee of the Victorian branch of the CPSU.
Yahoo
7 days ago
- Business
- Yahoo
Calamos Announces Upside Cap Rates for CPSU and CPNJ: Structured Protection ETFs Providing Exposure to the S&P 500 and Nasdaq-100 with 100% Downside Protection Over One-Year
The Calamos S&P 500® Structured Alt Protection ETF® – June (CPSU) has announced an upside cap rate of 7.33% over its one-year outcome period following its launch on June 2, 2025. The Calamos Nasdaq-100® Structured Alt Protection ETF® — June (CPNJ) completed its first annual outcome period on May 30, 2025, and will reset on June 2, 2025, with a new cap rate of 7.65% over a one-year outcome period. The Calamos Structured Protection ETF® suite combines Calamos' decades-long alternatives, risk management and options investing expertise with the liquid, cost-effective and tax-efficient ETF structure. METRO CHICAGO, Ill., May 30, 2025 /PRNewswire/ -- Calamos Investments LLC ("Calamos"), a leading alternatives manager, today announced the upside cap rate for the launch of the Calamos S&P 500® Structured Alt Protection ETF® – June (CPSU) and the reset of the Calamos Nasdaq-100® Structured Alt Protection ETF® — June (CPNJ). Each provides 100% downside-protected exposure to their respective indexes with attractive upside cap ranges over a one-year outcome period, before fees and expenses. Calamos S&P 500® Structured Alt Protection ETF® – June (CPSU) Cap Rate 7.33 % Outcome Period 1 Year: 6/2/25 – 5/29/26 Reference Asset Price return of the SPDR® S&P 500® ETF Trust (SPY), based on the S&P 500® Index Structured Protection 100% downside protection if held through the one-year outcome period Annual Expense Ratio 0.69 % Portfolio Management Co-CIO Eli Pars and the Alternatives Team Benchmarks S&P 500® Index, Price Return MerQube Capital Protected US Large Cap Index – June Tax Application Gains in an ETF grow tax-deferred and will be taxed at long-term capital gain rates if held longer than one year Additionally, with the launch of CPSU, the Calamos Laddered S&P 500® Structured Alt Protection ETF® (CPSL) is now complete, offering S&P 500 equity market exposure while mitigating downside risk through a laddered portfolio of 12 underlying Calamos S&P 500® Structured Alt Protection ETFs®. Calamos Nasdaq-100® Structured Alt Protection ETF® — June (CPNJ) Cap Rate 7.65 % Outcome Period 1 Year: 6/2/25 – 5/29/26 Reference Asset Price return of Invesco QQQ Trust, Series 1, based on the Nasdaq-100® Index Structured Protection 100% downside protection if held through the one-year outcome period Annual Expense Ratio 0.69 % Portfolio Management Co-CIO Eli Pars and the Alternatives Team Benchmarks Nasdaq-100® Index, Price Return MerQube Capital Protected US Large Cap Tech Index – June Tax Application Gains in an ETF grow tax-deferred and will be taxed at long-term capital gain rates if held longer than one year Structured Protection ETFs® reset annually, offering investors a new upside cap with refreshed protection against negative returns of the benchmark over the subsequent 12-month period. If shares are held longer than one year, they can deliver significant tax alpha as potential gains will grow tax-deferred at long-term capital gains rates and can be held indefinitely. About Calamos Calamos Investments is a diversified global investment firm offering innovative investment strategies, including alternatives, multi-asset, convertible, fixed income, private credit, equity, and sustainable equity. With more than $40 billion in AUM, including more than $18 billion in liquid alternatives assets as of April 30, 2025, the firm offers strategies through ETFs, mutual funds, closed-end funds, interval funds, UCITS funds and separately managed portfolios. Clients include financial advisors, wealth management platforms, pension funds, foundations & endowments, and individuals, globally. Headquartered in the Chicago metropolitan area, the firm also has offices in New York, San Francisco, Milwaukee, Portland (Oregon), and the Miami area. For more information, visit us on LinkedIn, on Twitter (Calamos), on Instagram (@calamos_investments), or at The information in each fund's prospectus and statement of additional information) is not complete and may be changed. We may not sell the securities of any fund until such fund's registration statement filed with the Securities and Exchange Commission is effective. Each fund's prospectus and statement of additional information is not an offer to sell such fund's securities and is not soliciting an offer to buy such fund's securities in any state where the offer or sale is not permitted. Before investing, carefully consider the fund's investment objectives, risks, and charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-866-363-9219. Read it carefully before investing. Calamos Investments LLC, referred to herein Calamos is a financial services company offering such services through its subsidiaries: Calamos Advisors LLC, Calamos Wealth Management LLC, Calamos Investments LLP, and Calamos Financial Services LLC. An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus. Investing involves risks. Loss of principal is possible. The Fund(s) face numerous market trading risks, including authorized participation concentration risk, cap change risk, capital protection risk, capped upside risk, cash holdings risk, clearing member default risk, correlation risk, derivatives risk, equity securities risk, investment timing risk, large-capitalization investing risk, liquidity risk, market maker risk, market risk, non-diversification risk, options risk, premium-discount risk, secondary market trading risk, sector risk, tax risk, trading issues risk, underlying ETF risk and valuation risk. For a detailed list of fund risks see the prospectus. There are no assurances the Fund(s) will be successful in providing the sought-after protection. The outcomes that the Fund(s) seeks to provide may only be realized if you are holding shares on the first day of the outcome period and continue to hold them on the last day of the outcome period, approximately one year. There is no guarantee that the outcomes for an outcome period will be realized or that the Fund(s) will achieve its investment objective. If the outcome period has begun and the underlying ETF has increased in value, any appreciation of the Fund(s) by virtue of increases in the underlying ETF since the commencement of the outcome period will not be protected by the sought-after protection, and an investor could experience losses until the underlying ETF returns to the original price at the commencement of the outcome period. Fund shareholders are subject to an upside return cap (the "Cap") that represents the maximum percentage return an investor can achieve from an investment in the fund(s) for the outcome period, before fees and expenses. If the outcome period has begun and the Fund(s) have increased in value to a level near to the Cap, an investor purchasing at that price has little or no ability to achieve gains but remains vulnerable to downside risks. Additionally, the Cap may rise or fall from one outcome period to the next. The Cap, and the Fund(s) position relative to it, should be considered before investing in the Fund(s). The Fund(s) website, provides important Fund information as well information relating to the potential outcomes of an investment in the Fund(s) on a daily basis. The Fund(s) are designed to provide point-to-point exposure to the price return of the reference asset via a basket of Flex Options. As a result, the ETFs are not expected to move directly in line with the reference asset during the interim period. Investors purchasing shares after an outcome period has begun may experience very different results than fund's investment objective. Initial outcome periods are approximately 1-year beginning on the fund's inception date. Following the initial outcome period, each subsequent outcome period will begin on the first day of the month the fund was incepted. After the conclusion of an outcome period, another will begin. FLEX Options Risk — The Fund(s) will utilize FLEX Options issued and guaranteed for settlement by the Options Clearing Corporation (OCC). In the unlikely event that the OCC becomes insolvent or is otherwise unable to meet its settlement obligations, the Fund(s) could suffer significant losses. Additionally, FLEX Options may be less liquid than standard options. In a less liquid market for the FLEX Options, the Fund(s) may have difficulty closing out certain FLEX Options positions at desired times and prices. The values of FLEX Options do not increase or decrease at the same rate as the reference asset and may vary due to factors other than the price of reference asset. Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemable from the fund. NAV represents the value of each share's portion of the fund's underlying assets and cash at the end of the trading day. Market price returns reflect the midpoint of the bid/ask spread as of the close of trading on the exchange where fund shares are listed. 100% capital protection is over a one-year period before fees and expenses. All caps are pre-determined. Cap Rate — Maximum percentage return an investor can achieve from an investment in the Fund if held over the Outcome Period. Cap Range — Cap ranges are based on the last 15 trading days prior to range announcement, based on market conditions during the sample period, and are subject to change. The actual cap rate may be different based on market events. Protection Level — Amount of protection the Fund is designed to achieve over the Days Remaining. Outcome Period — Number of days in the Outcome Period. The "S&P 500®" is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI"), and has been licensed for use by Calamos Advisors LLC ("Calamos Advisors"). S&P®, S&P 500®, US 500, The 500, iBoxx®, iTraxx® and CDX® are trademarks of S&P Global, Inc. or its affiliates ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Calamos Advisors LLC ("Calamos Advisors"). It is not possible to invest directly in an index. Calamos S&P 500® Structured Protection ETFs are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices makes no representation or warranty, express or implied, to the owners of the Calamos S&P 500® Structured Protection ETFs or any member of the public regarding the advisability of investing in securities generally or in Calamos S&P 500® Structured Protection ETFs particularly or the ability of the "S&P 500®" to track general market performance. Past performance of an index is not an indication or guarantee of future results. S&P Dow Jones Indices' only relationship to Calamos Advisors LLC ("Calamos Advisors") with respect to the "S&P 500®" is the licensing of the Index and certain trademarks, service marks and/or trade names of S&P Dow Jones Indices and/or its licensors. The "S&P 500®" is determined, composed and calculated by S&P Dow Jones Indices without regard to Calamos Advisors LLC ("Calamos Advisors") or the Calamos S&P 500® Structured Protection ETFs. S&P Dow Jones Indices has no obligation to take the needs of Calamos Advisors LLC ("Calamos Advisors") or the owners of Calamos S&P 500® Structured Protection ETFs into consideration in determining, composing or calculating the "S&P 500®". S&P Dow Jones Indices has no obligation or liability in connection with the administration, marketing or trading of Calamos S&P 500® Structured Protection ETFs. There is no assurance that investment products based on the "S&P 500®" will accurately track index performance or provide positive investment returns. S&P Dow Jones Indices LLC is not an investment adviser, commodity trading advisory, commodity pool operator, broker dealer, fiduciary, promoter" (as defined in the Investment Company Act of 1940, as amended), "expert" as enumerated within 15 U.S.C. § 77k(a) or tax advisor. Calamos Financial Services LLC, Distributor © 2025 Calamos Investments LLC. All Rights Reserved. Calamos® and Calamos Investments® are registered trademarks of Calamos Investments LLC. View original content: SOURCE Calamos Investments
ABC News
23-05-2025
- Politics
- ABC News
Josh Dolega selected as Labor senator for Tasmania, replaces Anne Urquhart
A unionist with a low public profile has been selected as Tasmania's next Labor senator filling the vacancy left by Anne Urquhart who won the lower house seat of Braddon at the recent election. Labor sources say Josh Dolega, a former fitness instructor and lead organiser at the Community and Public Sector Union (CPSU), was confirmed by the party's national executive on Friday, beating candidates with larger public profiles. A member of the party's left faction, it is understood Mr Dolega is willing to relocate from Hobart to the north-west coast, where Ms Urquhart had been based. Mr Dolega has worked as a tax officer for the Australian Tax Office in Burnie for more than a decade, and as a group fitness instructor at the Devonport aquatic centre. He does not have a high profile social media presence, but in a submission to a review of local government in Tasmania, said that the state's 29 councils should be reduced to three, one each in Devonport, Launceston and Hobart. The incoming senator has also previously voiced his support for former state Labor leader turned independent David O'Byrne. In a comment on Mr O'Byrne's Facebook post last year, when he announced he would be standing as an independent candidate, Mr Dolega offered to volunteer. "You can count on my vote and volunteer support David! Your (sic) a true champion of regular people in Franklin," the comment read. Earlier this week the ABC reported that Mr Dolega was the frontrunner, in a field that included Unions Tasmania secretary Jessica Munday, Meander Valley Councillor Ben Dudman and former state secretary Stuart Benson. At the time, a member of Labor's left-faction, who had been lobbying for Ms Munday to be awarded the casual vacancy, said they found it "bizarre and wrong" to overlook a "highly qualified popular leader". "We have a candidate here with deep expertise in policy, governance and leadership," they said. "These decisions need to be based on merit but this doesn't seem to be happening." But it's understood Mr Dolega had the backing of Ms Urquhart. Ms Urquhart's support was seen as particularly important by the national executive, after she quit her position in the Senate following a request from Prime Minister Anthony Albanese to contest Braddon, achieving a 15.3 per cent swing. Ms Urquhart was contacted for comment.
ABC News
21-05-2025
- Business
- ABC News
Union organiser Josh Dolega the front runner to replace Anne Urquhart in the Senate
A union organiser and fitness instructor is the frontrunner to be selected as a new Tasmanian Labor senator at a meeting of the party's national executive on Friday. Labor sources say Community and Public Sector Union work health and safety lead organiser Josh Dolega has the backing of the Australian Manufacturing Worker's Union (AMWU) to fill the casual vacancy left by former senator Anne Urquhart, who is now the MP for the north-west Tasmanian seat of Braddon. Ms Urquhart, a former AMWU official, is also understood to back Mr Dolega winning the vacancy. Who Ms Urquhart nominates is seen as particularly important by the national executive after she quit her position in the Senate following a request from Prime Minister Anthony Albanese to contest Braddon. She achieved a whopping 15.3 per cent swing in the federal government's landslide victory. It means Mr Dolega is tipped by a number of party sources as the candidate to beat, in a field including Unions Tasmania secretary Jessica Munday and Meander Valley Councillor Ben Dudman, backed by the United Workers Union. Former state secretary Stuart Benson was also raised as a potential candidate to join the Senate, but it's not clear if he officially nominated for the position, which will go to a member of the party's Left faction. If endorsed by the national executive, Mr Dolega will be a senator until the next federal election in 2028. The winner will receive a guaranteed salary of just over $700,000, given senators earn a base annual salary of $233,660. Mr Dolega is understood to have told the party he was happy to relocate from Hobart to the north-west coast, where Ms Urquhart had been based while a senator. He worked as a tax officer for the Australian Tax Office based in Burnie for more than a decade, and worked as a group fitness instructor at the Devonport aquatic centre. He does not have a high profile social media presence, but in a submission to a review of local government in Tasmania, said that the state's 29 councils should be reduced to three, one each in Devonport, Launceston and Hobart. Mr Dolega was contacted for comment. A member of Labor's left-faction, who had been lobbying for Ms Munday to be awarded the casual vacancy, speaking to the ABC on the condition of anonymity, said they were disappointed she was set to be overlooked. "We have a candidate here with deep expertise in policy, governance and leadership. "These decisions need to be based on merit but this doesn't seem to be happening." The new senator's selection will be made official next Tuesday, when it's confirmed by the Tasmanian parliament. Labor sources say Ms Munday's unwillingness to move to the north-west has been cited as the reason for overlooking her. But her supporters argue senators do not need to live in the same location their office is based in, and point to examples in other states where a majority of senators are based out of capital cities. Labor senator Helen Polley is based in Launceston, while Richard Dowling and Carol Brown are both based out of the state's south. The Tasmanian Labor Party was placed into administration in mid-2022 following a period of internal infighting. The administration was ended last year, but a new state administrative committee has not yet been appointed. It was stated a committee of six party members would remain in charge of internal decisions until that happened, but party sources say the party has effectively remained in administration, with all pre-selection decisions, including the casual senate vacancy, made by the national executive. Ms Urquhart and Ms Munday were contacted for comment.
