<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/ncen" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0505</schemaVersion>
  <headerData>
    <submissionType>N-CEN</submissionType>
    <filerInfo>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0002063706</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
        <fileNumber>811-24073</fileNumber>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType>N-2</investmentCompanyType>
    </filerInfo>
  </headerData>
  <formData>
    <generalInfo reportEndingPeriod="2026-03-31" isReportPeriodLt12="Y"/>
    <registrantInfo>
      <registrantFullName>Calamos Aksia Hedged Strategies Fund</registrantFullName>
      <investmentCompFileNo>811-24073</investmentCompFileNo>
      <registrantCik>0002063706</registrantCik>
      <registrantLei>529900ZEEOODPY2QQY89</registrantLei>
      <registrantstreet1>2020 Calamos Court</registrantstreet1>
      <registrantcity>Naperville</registrantcity>
      <registrantzipCode>60563</registrantzipCode>
      <registrantstate>US-IL</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>630-245-7200</registrantphoneNumber>
      <websites>
        <website webpage="www.calamos.com"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>Aksia LLC</officeName>
          <officeAddress1>599 Lexington Avenue</officeAddress1>
          <officeCity>New York</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-NY"/>
          <officeRecordsZipCode>10022</officeRecordsZipCode>
          <officePhone>2127105710</officePhone>
          <booksRecordsDesc>Sub-advisory records</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Calamos Advisors LLC</officeName>
          <officeAddress1>2020 Calamos Court</officeAddress1>
          <officeCity>Naperville</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-IL"/>
          <officeRecordsZipCode>60563-2787</officeRecordsZipCode>
          <officePhone>630-245-7200</officePhone>
          <booksRecordsDesc>All records in its capacity as investment adviser</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Calamos Financial Services LLC</officeName>
          <officeAddress1>2020 Calamos Court</officeAddress1>
          <officeCity>Naperville</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-IL"/>
          <officeRecordsZipCode>60563-2787</officeRecordsZipCode>
          <officePhone>630-245-7200</officePhone>
          <booksRecordsDesc>All records in its capacity as investment distributor</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust Company</officeName>
          <officeAddress1>1 Congress Street</officeAddress1>
          <officeAddress2>Suite 1</officeAddress2>
          <officeCity>Boston</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02114</officeRecordsZipCode>
          <officePhone>617-786-3000</officePhone>
          <booksRecordsDesc>Mutual fund accounting and records related to custody of fund assets.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>U.S. Bancorp Fund Services, LLC</officeName>
          <officeAddress1>615 E. Michigan St.</officeAddress1>
          <officeAddress2>3rd Floor</officeAddress2>
          <officeCity>Milwaukee</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-WI"/>
          <officeRecordsZipCode>53202</officeRecordsZipCode>
          <officePhone>800-582-6959</officePhone>
          <booksRecordsDesc>All records in its capacity as transfer agent</booksRecordsDesc>
        </locationBooksRecord>
      </locationBooksRecords>
      <isRegistrantFirstFiling>Y</isRegistrantFirstFiling>
      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <registrantFamilyInvComp isRegistrantFamilyInvComp="Y" familyInvCompFullName="Calamos Family of Funds"/>
      <registrantClassificationType>N-2</registrantClassificationType>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName>Bjorn Forfang</directorName>
          <crdNumber>002681237</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23815"/>
            <fileNumberInfo fileNumber="811-24034"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Christopher M. Toub</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05443"/>
            <fileNumberInfo fileNumber="811-09237"/>
            <fileNumberInfo fileNumber="811-21080"/>
            <fileNumberInfo fileNumber="811-21319"/>
            <fileNumberInfo fileNumber="811-21484"/>
            <fileNumberInfo fileNumber="811-21547"/>
            <fileNumberInfo fileNumber="811-22047"/>
            <fileNumberInfo fileNumber="811-22887"/>
            <fileNumberInfo fileNumber="811-22949"/>
            <fileNumberInfo fileNumber="811-23295"/>
            <fileNumberInfo fileNumber="811-23815"/>
            <fileNumberInfo fileNumber="811-23822"/>
            <fileNumberInfo fileNumber="811-24034"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>Jim Vos</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23815"/>
            <fileNumberInfo fileNumber="811-24034"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>John Koudounis</directorName>
          <crdNumber>001878118</crdNumber>
          <isDirectorInterestedPerson>Y</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-23815"/>
            <fileNumberInfo fileNumber="811-24034"/>
          </fileNumbers>
        </director>
        <director>
          <directorName>John Neal</directorName>
          <crdNumber>N/A</crdNumber>
          <isDirectorInterestedPerson>N</isDirectorInterestedPerson>
          <fileNumbers>
            <fileNumberInfo fileNumber="811-05443"/>
            <fileNumberInfo fileNumber="811-09237"/>
            <fileNumberInfo fileNumber="811-21080"/>
            <fileNumberInfo fileNumber="811-21319"/>
            <fileNumberInfo fileNumber="811-21484"/>
            <fileNumberInfo fileNumber="811-21547"/>
            <fileNumberInfo fileNumber="811-22047"/>
            <fileNumberInfo fileNumber="811-22887"/>
            <fileNumberInfo fileNumber="811-22949"/>
            <fileNumberInfo fileNumber="811-23295"/>
            <fileNumberInfo fileNumber="811-23815"/>
            <fileNumberInfo fileNumber="811-23822"/>
            <fileNumberInfo fileNumber="811-24034"/>
          </fileNumbers>
        </director>
      </directors>
      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Walter M. Kelly</ccoName>
          <crdNumber>004729454</crdNumber>
          <ccoStreet1>215 N. Peoria</ccoStreet1>
          <ccoCity>Chicago</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-IL"/>
          <ccoZipCode>60607</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>N</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="N/A" ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <releaseNumbers isExemptionFromAct="Y">
        <releaseNumberInfo releaseNumber="IC-34327"/>
        <releaseNumberInfo releaseNumber="IC-35765"/>
      </releaseNumbers>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>Calamos Financial Services LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-37854</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000019850</principalUnderwriterCrdNumber>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-IL"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>Y</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Cohen &amp; Company, Ltd.</publicAccountantName>
          <pcaobNumber>925</pcaobNumber>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-OH"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>Calamos Aksia Hedged Strategies Fund</mgmtInvFundName>
        <mgmtInvLei>529900ZEEOODPY2QQY89</mgmtInvLei>
        <isFirstFilingByFund>Y</isFirstFilingByFund>
        <numAuthorizedClass>0</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <fundTypes>
          <fundType>Interval Fund</fundType>
        </fundTypes>
        <isNonDiversifiedCompany>Y</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Calamos Advisors LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-29688</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000105758</investmentAdviserCrdNo>
            <investmentAdviserLei>549300B31HSTBIV6QG26</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-IL" investmentAdviserCountry="US"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Aksia LLC</subAdviserName>
            <subAdviserFileNo>801-67661</subAdviserFileNo>
            <subAdviserCrdNo>000143422</subAdviserCrdNo>
            <subAdviserLei>254900C4HFOS6G66LO17</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-NY" subAdviserCountry="US"/>
            <isSubAdviserHired>N</isSubAdviserHired>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>U.S. Bancorp Fund Services, LLC</transferAgentName>
            <transferAgentFileNo>85-11357</transferAgentFileNo>
            <transferAgentRssdId>0002748687</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-WI" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg L.P.</pricingServiceName>
            <pricingServiceLei>549300B56MD0ZC402L06</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>ICE Data Services, Inc.</pricingServiceName>
            <pricingServiceOther>13-3668779</pricingServiceOther>
            <pricingServiceIdNumberDesc>Tax ID</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-GA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>London Stock Exchange Group PLC</pricingServiceName>
            <pricingServiceLei>213800QAUUUP6I445N30</pricingServiceLei>
            <pricingServiceCountry>GB</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>S&amp;P Global Inc.</pricingServiceName>
            <pricingServiceLei>Y6X4K52KMJMZE7I7MY94</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
            <custodianLei>571474TGEMMWANRLN572</custodianLei>
            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>U.S. Bancorp Fund Services, LLC</shareholderServiceAgentName>
            <shareholderServiceAgentRssdId>0002748687</shareholderServiceAgentRssdId>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-WI" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>State Street Bank and Trust Company</adminName>
            <adminLei>571474TGEMMWANRLN572</adminLei>
            <adminStateCountry adminState="US-MA" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokerDealers>
          <brokerDealer>
            <brokerDealerName>Calamos Financial Services LLC</brokerDealerName>
            <brokerDealerFileNo>8-37854</brokerDealerFileNo>
            <brokerDealerCrdNo>000019850</brokerDealerCrdNo>
            <brokerDealerStateCountry brokerDealerState="US-IL" brokerDealerCountry="US"/>
            <brokerDealerCommission>0.00000000</brokerDealerCommission>
          </brokerDealer>
        </brokerDealers>
        <aggregateCommission>0.00000000</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>State Street Bank and Trust Company</principalName>
            <principalFileNo>N/A</principalFileNo>
            <principalCrdNo>N/A</principalCrdNo>
            <principalLei>571474TGEMMWANRLN572</principalLei>
            <principalStateCountry principalState="US-MA" principalCountry="US"/>
            <principalTotalPurchaseSale>12375931.00000000</principalTotalPurchaseSale>
          </principalTransaction>
        </principalTransactions>
        <principalAggregatePurchase>12375931.00000000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>24987218.00666666</mnthlyAvgNetAssets>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <closedEndManagementInvestment>
      <securityRelatedItems>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Calamos Aksia Hedged Strategies Fund Class C</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="HEDCX"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Calamos Aksia Hedged Strategies Fund Class I</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="HEDGX"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Calamos Aksia Hedged Strategies Fund Class A</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="HEDAX"/>
          </commonStocks>
        </securityRelatedItem>
        <securityRelatedItem>
          <description>Common stock</description>
          <securityClassTitle>Calamos Aksia Hedged Strategies Fund Class M</securityClassTitle>
          <commonStocks>
            <commonStock commonStockExchange="N/A" commonStockTickerSymbol="HEDMX"/>
          </commonStocks>
        </securityRelatedItem>
      </securityRelatedItems>
      <isRightsOffering>N</isRightsOffering>
      <isSecondaryOffering>N</isSecondaryOffering>
      <repurchaseSecurities isRepurchaseSecurity="Y">
        <repurchaseSecurityType>Common stock</repurchaseSecurityType>
      </repurchaseSecurities>
      <isDefaultLongTermDebt>N</isDefaultLongTermDebt>
      <isDividendsInArrears>N</isDividendsInArrears>
      <isSecuritiesModified>N</isSecuritiesModified>
      <managementFee>1.10000000</managementFee>
      <netOperatingExpenses>1.45000000</netOperatingExpenses>
      <marketPricePerShare>N/A</marketPricePerShare>
      <netAssetValuePerShare>10.25000000</netAssetValuePerShare>
    </closedEndManagementInvestment>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Calamos Aksia Hedged Strategies Fund" signedDate="2026-06-09" signature="Stephen Atkins" title="Treasurer"/>
  </formData>
</edgarSubmission>
