About us
Kapstream Capital was founded in 2006 by Kumar Palghat and Nick Maroutsos, both seasoned fixed income managers.
Kumar and Nick started with a simple insight. They had repeatedly seen core managers build portfolios around a benchmark, avoiding large positions to prevent tracking error and often underperforming market potential.
They concluded that they could consistently achieve superior results by stepping beyond the traditional core manager approach. They decided to target an absolute return, using a wide range of instruments, including derivatives, to exploit market inefficiencies across the full spectrum of fixed income investments.
As a result, Kapstream is uniquely positioned in the space between core investment managers and higher risk hedge funds.
Kapstream today
Today, Kapstream has over AU$3 billion in assets under management.
We've built an outstanding team of fixed income specialists with wide-ranging experience across industries, sectors and investment markets.
Our partnership with Challenger, an equity partner in Kapstream, gives us important administrative and distribution support, leaving us free to concentrate on our core business of managing assets.
We've also formed strategic alliances with key fixed income managers around the world, giving us access to greater scale, scope and speed in international markets. And we actively engage the investment community, with leading specialists contributing to the quarterly economic roundtable that is the foundation of our top-down investment process.
