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
Click here for the latest update on buy and sell spreads for the Kapstream Absolute Return Income Fund.
Click here for the latest update on buy and sell spreads for the Kapstream Absolute Return Income Plus Fund.
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$13.3 billion as at 30 June 2022 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.
An Easy Decision, but Fed Watches for Gathering Clouds
Kapstream Capital explain why persistently high core inflation likely means monetary policy has yet to reach peak hawkishness, despite initial signs of a cooling economy.Read more
When the Rising Tide That Lifts All Boats Subsides
This year has been a sea of red for many traditional asset classes. Kapstream Capital discuss what's caused the ‘tide that lifts all boats’ to so suddenly subside.Read more