Kapstream Capital (Kapstream) combines capital preservation techniques with unconstrained portfolio management skills in the pursuit of stable, absolute returns.
Buy and sell spread of Funds
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Kapstream Capital was founded in 2006 by Kumar Palghat and Nick Maroutsos, both seasoned fixed income managers. Kumar and Nick started with a simple belief; that by removing the constraints inherent in conventional benchmark-relative fixed income portfolio strategies, and by setting absolute return targets and absolute risk limits, it would be possible to construct portfolios using predominantly investment grade assets that more closely met the requirements of a growing number of investors, in delivering consistent and positive returns.
Kapstream today manages in excess of A$17.2 billion as at 31 December 2020 from offices from offices in Sydney and Newport Beach, California. Since July 2015 Kapstream has operated as an autonomous 'boutique' subsidiary, initially of Janus Capital Group and - since their merger in May 2017 with Henderson Global Investors - now of Janus Henderson Investors. Kapstream has always believed in an outsourced business model, appointing Fidante Partners to provide all back office, administration and retail distribution services.
For more information, please visit www.kapstream.com
Kapstream adheres to an active and less traditional approach to fixed interest management, one that blends top down macroeconomic outputs with bottom-up security selection. Unlike more mainstream competitors, it is not subject to the same benchmark relative constraints, providing the team with greater scope to incorporate best trade ideas and position the portfolio in response to varying market conditions.
Kapstream Absolute Return Income Fund
The Kapstream Absolute Return Income Fund is managed with an innovative approach to fixed income, balancing the interests of capital preservation with the generation of consistent and stable income, and, free from conventional constraints in sourcing the most compelling fixed income investment opportunities in Australia and around the world, according to their global macroeconomic views.
Suits Investors Seeking:
- Stable income across market cycles
- Potentially higher levels of returns compared to cash
- Low to moderate volatility
- A diversified portfolio that can complement other asset classes
RBA cash rate
Current as of December 2020
31 May 2007
Suggested Minimum Time Frame
Funds Under Management*
*Funds under management displayed at a class level only.
Interests in the Kapstream Absolute Return Income Fund ARSN 124 152 790 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed Kapstream Capital Pty Ltd (ABN 19 122 076 117 AFSL 308870) as the investment manager of the Fund.
Fund Performance (Net) as at: 31 Dec 2020
Past performance is not a reliable indicator of future performance.
1. Performance figures are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2. The inception date for the Fund is 31 May 2007.
Unit Prices and Distributions
To view historical unit prices and distributions click here
Cumulative Fund Growth
Reports & Flyers
18 November 2020
29 September 2020
25 August 2020
18 August 2020
4 August 2020
21 July 2020
7 July 2020
30 June 2020
23 June 2020
9 June 2020
2 June 2020
21 May 2020
14 May 2020
16 April 2020
9 April 2020
1 April 2020Update to buy and sell spreads of the Fund
19 March 2020
17 March 2020