Kapstream Capital

About Kapstream Capital

Kapstream Capital is a global fixed income boutique. Founded in 2006, Kapstream managed approximately A$3.5 billion in assets as at 31 December 2010. Kapstream offers an alternative approach to fixed income, with the goal of generating absolute returns.

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Funds managed

Key personnel

Kumar Palghat

Kumar Palghat is a founder and Managing Director of Kapstream Capital. He is head of Portfolio Management and co-head of Business Management.

Prior to forming Kapstream, Mr Palghat was Director and Head of Portfolio Management, Asia Pacific, for PIMCO Australia from 2001 to late 2006. Mr Palghat joined PIMCO in 1997, and served as Global Portfolio Manager in its Newport Beach, California headquarters until his move to Sydney in 2001. Prior to joining PIMCO, Mr Palghat was Senior Investment Officer at The World Bank, Washington D.C., from 1988 to 1997, where he was part of a team managing a fixed interest portfolio of over $30 billion.

Mr Palghat holds a B Com in business from Bangalore University, India, and an MBA in finance/marketing from Marymount University, U.S.A. Mr Palghat has guest lectured at University of Virginia and University of Chicago. Mr Palghat is also a CFA charter holder.

Nick Maroutsos

Nick Maroutsos is a founder and Managing Director of Kapstream Capital. He is a portfolio manager and co-head of Business Management.

Prior to forming Kapstream, Mr Maroutsos was a Vice President and Account Manager at PIMCO Australia from 2002 to 2005, where he was responsible for the client servicing for over 90 clients. Additionally, he coordinated the development and launch of new strategies to the Australian market. Mr Maroutsos joined PIMCO's Newport Beach, California office in 1999 as Senior Portfolio Analyst on the global trading desk, where he conducted daily analysis of fixed income markets, implemented strategies for all global portfolios, and assisted with portfolio construction.

Mr Maroutsos holds a BA in Economics from the University of California at San Diego, and an MBA from the UCLA Anderson School of Management.

Steve Goldman

Steve Goldman is a Managing Director of Kapstream Capital.

Prior to joining Kapstream, Mr Goldman was a Managing Director and Global Lead Portfolio Manager at Goldman Sachs Asset Management New York from 2006 to 2010. While at Goldman Sachs Asset Management he was responsible for management and oversight of over $35 billion in global fixed income portfolios. As lead portfolio manager, responsibilities included working with strategy teams to identify and implement trade ideas, monitoring portfolio risks, conducting performance attribution analysis and reporting of portfolio outlook, strategy and positioning.

Prior to Goldman Sachs Asset Management, Mr Goldman was a Senior Vice President at PIMCO where he served as the European and Sterling Product Manager in London from 2002 to 2006 as well as the Global Product Manager in Newport Beach, California from 1999 to 2002.

Prior to PIMCO Mr Goldman worked at the World Bank in Washington D.C. from 1988 to 1999 where he served as a Financial Officer for the Structured Product & Derivatives Group and the Capital Markets Group.

Mr Goldman holds a Bachelor’s of Science in Management from Tulane University and a Masters of Science in Economics from the London School of Economics.

 

Why Advance selected Kapstream

Kapstream offers a great opportunity to access the investment expertise of an experienced investor with a strong track record, Kumar Palghat. The absolute return nature of Advance’s agreement with Kapstream means we can be confident we’ll receive a stable return even when bond markets are falling because there’s a balance between fixed interest duration and credit risks. Mr Palghat is supported by a strong investment and business staff. Kapstream also has solid infrastructure support enabling the investment team to concentrate on managing their portfolios.