Our global absolute return fixed income strategies are accessible via pooled funds, or for larger institutional investors via segregated portfolios which may be tailored to meet specific requirements.
Kapstream is the leading choice for institutional and individual investors seeking an alternative approach to fixed income, combining capital preservation techniques with unconstrained portfolio management skills in the pursuit of stable, absolute returns.
click to view reports for Kapstream Absolute Return Income Fund and Kapstream Absolute Return Income Plus Fund
total fum
$10bn
Funds under management as at March 2024 (AUD)
- 2.0bn Kapstream Absolute Return Income Fund
- 0.4bn Kapstream Absolute Return Income Plus Fund
- 0.1bn Kapstream Private Investment Fund
- 2.4bn Segregated Absolute Return Income Portfolios
- 0.1bn Segregated Sovereign Bond Portfolios
- 4.9bn Janus Henderson US Absolute Return Income Funds
- 0.1bn Janus Henderson US Absolute Return Income Plus Funds
Investment vehicles
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Kapstream Absolute Return Income Fund
The Fund, targeting returns of 2-3% above cash, is designed to provide a steady income stream with minimal volatility and capital preservation.
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Kapstream Absolute Return Income Plus Fund
The Fund, targeting returns of 3-4% above cash, is designed to provide superior income with low volatility and capital stability across economic cycles.
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Kapstream Private Investment Fund
The Fund, targeting returns of 6% above cash, is designed to provide high and consistent monthly income with capital stability.
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Segregated portfolios
Kapstream manages segregated portfolios for institutional and wholesale investors under our flagship absolute return strategy, as well as portfolios tailored to meet individual risk return requirements, or to provide bespoke exposure to specific fixed income sectors.
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Capital Preservation
At our heart is an unwavering focus on protecting the value of our clients’ investments, making active use of a wide range of techniques to do so when risk of loss threatens.
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Active Core Portfolio
We believe in the freedom of a globally unconstrained approach in identifying the highest quality issuers, to construct an actively managed diverse portfolio of predominantly investment grade assets.
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Alpha Positions
Risk-limited in number and size, the ‘alpha’ element of the portfolio comprises select relative value derivative trades aimed at enhancing portfolio returns by exploiting opportunities in rates, credit, and currency markets, in complement to the ‘active core’ portfolio.
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Risk Management
Constant monitoring and active mitigation of the primary risks present in client portfolios – the sensitivity to a change in headline interest rates, the threat of default, and market liquidity – is integral to ensuring we maintain a prudent balance between overall portfolio risk and return.
How can I invest?
The global absolute return fixed income specialist.