We’ve built an outstanding team of fixed income specialists with wide-ranging experience across industries, sectors and investment markets.
Kumar PalghatCo-Founder & Portfolio Manager
Kumar Palghat is a Co-Founder and Portfolio Manager for Kapstream Capital, and as a member of the firm’s Investment Committee is jointly responsible for macro themes and positioning of the firm’s absolute return income strategies. From 2001 through 2006, prior to forming Kapstream, Mr. Palghat was based in Sydney as Head of Asia Pacific Portfolio Management for PIMCO. He joined PIMCO in 1997 and served as one of its first Global Portfolio Managers in its Newport Beach, California headquarters. From 1988 through 1997, Mr. Palghat was a Senior Investment Officer at The World Bank, in Washington D.C., where he was part of a team managing fixed income portfolios. Mr. Palghat routinely appears in local media as an expert on global bond markets and is a regular speaker at conferences and seminars. During his tenures at PIMCO and Kapstream, Mr. Palghat and his teams have received various industry accolades and recognition. Mr Palghat holds a B. Com in business from Bangalore University, India, and an MBA in finance/marketing from Marymount University, US. Mr Palghat is a CFA charterholder.
Nick MaroutsosCo-Founder & Portfolio Manager
Nick Maroutsos is Co-Head of Global Bonds and a Portfolio Manager at Janus Henderson Investors. Additionally, he is a Co-Founder and Managing Director of Kapstream Capital, and as a member of the firm’s Investment Committee is jointly responsible for macro themes and positioning of the firm’s absolute return income strategies. Prior to forming Kapstream in 2006, 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 GoldmanManaging Director & Portfolio Manager
Stephen Goldman is a Managing Director and Portfolio Manager for Kapstream Capital, and as a member of the firm’s Investment Committee is jointly responsible for macro themes and positioning of the firm’s absolute return income strategies. Prior to joining Kapstream in 2010, Mr Goldman was a Managing Director and Global Lead Portfolio Manager at Goldman Sachs Asset Management in 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 1993 to 1997 where he served as a Financial Officer for the Structured Product & Derivatives Group and the Capital Markets Group. Mr Goldman holds a Bachelor of Science in Management from Tulane University and a Master’s of Science in Economics from the London School of Economics.
Dan SilukManaging Director & Portfolio Manager
Daniel Siluk is a Managing Director and Portfolio Manager for Kapstream Capital, and as a member of Kapstream’s Investment Committee is jointly responsible for macro themes and positioning of the firm’s absolute return income strategies. Additionally he is responsible for risk and portfolio analytics. Prior to joining Kapstream in 2009, Mr Siluk served as Manager of Investment Analytics at Challenger Financial Services Group, between 2007 to 2009. At Challenger, Mr Siluk was responsible for providing attribution and risk metrics for their internal funds management business, as well as their boutique partnerships, which included Kapstream. Prior to joining Challenger, Mr Siluk spent four years in London where he was responsible for implementing and testing attribution and risk systems. Mr Siluk’s employers included Insight Investment, the funds management arm of Halifax Bank of Scotland (2003 to 2006), as well as Northern Trust (2006 to 2007). Mr Siluk holds a Bachelor of Applied Finance from Macquarie University.
Raymond LeeManaging Director & Portfolio Manager
Raymond Lee is a Managing Director and Portfolio Manager for Kapstream Capital, and as a member of the firm’s Investment Committee is jointly responsible for macro themes and positioning of the firms flagship absolute return strategy. Additionally, as Head of Credit he is responsible for leading credit macro themes, analysis and portfolio management. Prior to joining Kapstream in 2009 Mr Lee served as an Investment Associate for D.B. Zwirn, a global credit hedge fund. While at D.B. Zwirn, Mr Lee was in their special situations investment group focusing on both publicly traded and illiquid investments in Asia ex-Japan. This included high yield, distressed and hybrid bonds and loans. Prior to D.B. Zwirn, Mr Lee spent almost three years at Goldman Sachs assisting multinational corporate clients with credit and capital structure advice. He also evaluated leveraged buyouts, and acquisition and bridge financings for the firm’s balance sheet. Mr Lee holds a Bachelor of Commerce in Finance and a Bachelor of Law with Distinctions from the University of New South Wales. He is also admitted as a Lawyer of the Supreme Court of New South Wales.
Rob RoszkowskiPortfolio Manager
Robert Roszkowski is a Portfolio Manager for Kapstream Capital, and is additionally responsible for quantitative modelling and research and is active in both foreign exchange and interest rate trading. Prior to joining Kapstream in 2011 he held a role in a high-value consulting, advisory and private equity firm, having previously served as a researcher in quantitative finance at the University of New South Wales. Robert holds a First Class Honours degree in Finance from the University of New South South Wales, graduating at the top of his cohort. He also earned Bachelor of Commerce and Bachelor of Economics degrees, specialising in Actuarial Studies and Economics.
James BloomManaging Director, Investor Relations
James Bloom is a Managing Director of Kapstream Capital, responsible for managing the business and for institutional client and consultant relationships. Prior to joining Kapstream in 2014, Mr Bloom served as Head of Client and Consultant Relations for T. Rowe Price between 2010 and 2013. While at T. Rowe Price he lead the institutional client service team, and was personally responsible for managing relationships with the firms largest institutional clients and asset consultants. Additionally, Mr Bloom was responsible for generating and overseeing delivery of investment strategy and product communications to institutional investors in the region. Prior to joining T. Rowe Price, Mr Bloom was Head of Institutional Business at Challenger Funds Management from 2007 to 2009, with responsibility for institutional sales and client services. Prior to this Mr Bloom worked in London where his employers included Newton Investment Management (1998-2007) where he served for his last seven years as Director of Investment Management, Institutional Consultant Relations, and Hill Samuel Asset Management (1994-1998), where he served as a Regional Investment Manager. Mr Bloom has over 24 years’ experience managing institutional client and intermediary relationships in the funds management industry.
Courtney ChutePortfolio Analyst
Courtney Chute is a Portfolio Analyst for Kapstream Capital, and is responsible for the management of money market and other short-dated instruments. Prior to joining Kapstream in 2012, Ms Chute served as a Portfolio Controller at Challenger Financial Services Group, from 2010 to 2012. In her prior position, Ms Chute acted as the trading and operational liaison between Challenger and Kapstream. Prior to Challenger, Ms Chute worked as a Settlements Officer at Boston Finance in New Zealand. Ms Chute holds a Bachelor of Commerce and Administration in Commercial Law from Victoria University of Wellington, New Zealand.
Dylan BourkePortfolio Manager
Dylan Bourke is a Portfolio Manager for Kapstream Capital, and is responsible for credit analysis and portfolio management. Prior to joining Kapstream in 2014, Mr Bourke served as an Associate Analyst for Moody’s Investors Service, focusing on Australian structured finance products for over three years. While at Moody’s, Mr Bourke conducted extensive analysis predominantly on asset backed securities, residential mortgage backed securities and covered bonds. Additionally, he published numerous articles culminating in two Moody’s global structured finance research awards. Prior to Moody’s, Mr Bourke spent two years as a Credit Analyst at Macquarie Bank conducting financial institution and corporate counterparty analysis. Additionally he worked for six months on the Macquarie Special Situations Fund building valuation models, conducting due diligence on subordinated debt-issuance, bridge financing and unlisted equity investments. Mr Bourke holds a Bachelor of Commerce and a Bachelor of Law from Bond University and is a CFA charter holder.
Priyank ShahPortfolio Manager
Priyank Shah is a Portfolio Manager for Kapstream Capital. Additionally responsible for risk and portfolio analytics, Mr Shah is also instrumental in interest rate and foreign exchange trading. Prior to joining Kapstream in 2015, Mr Shah served as an Analyst for Challenger Ltd in their Life division, latterly focusing on asset liability management with responsibility for FX and interest rate hedging and liquidity management. Mr Shah joined Challenger in 2006, initially in a unit pricing role before transferring to lead the Investment Analytics function between 2009 and 2013, where he was responsible for providing attribution and risk metrics for funds managed internally and by their boutique managers, including Kapstream. Mr Shah holds a B. Com in Accounting/Auditing from Gujarat University, India and an MBA in Finance/Accounting from the University of Technology, Sydney.
Pauline ChrystalCredit Analyst
Pauline Chrystal is a Credit Analyst for Kapstream Capital. Prior to joining Kapstream in 2018, she served for two years as a senior credit analyst at Scotiabank’s treasury team in Singapore, with responsibility for managing their fixed-income portfolio. At Scotiabank, Ms Chrystal conducted in-depth analysis on credit opportunities in both Australia and Asia and across numerous sectors. Prior to Scotiabank, she worked at Standard Chartered Bank in Hong Kong and Exane, a subsidiary of BNP Paribas in Singapore, as a convertible bonds analyst. She conducted fundamental and technical analysis on Asian convertible bonds for the trading desk, covering high yield and investment grade. Ms Chrystal began her finance career in 2006 as an equity derivative and structured product salesperson for Exane, covering private banking clients and asset managers. Ms Chrystal holds a Master of Science in Management degree from HEC Paris and is a CFA charter holder.