We’ve built an outstanding team of fixed income specialists with wide-ranging experience across industries, sectors and investment markets.
Kumar PalghatPortfolio Manager
Kumar Palghat is a Portfolio Manager and co-founder of Kapstream Capital, and has lead the firms flagship absolute return strategy since inception.
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 MaroutsosPortfolio Manager
Nick Maroutsos is a Portfolio Manager and co-founder of Kapstream Capital, and is jointly responsible for macro themes and positioning of the firms flagship absolute return strategy.
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 GoldmanPortfolio Manager
Stephen Goldman is a Portfolio Manager for Kapstream Capital, and is jointly responsible for macro themes and positioning of the firms flagship absolute return strategy.
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 SilukPortfolio Manager
Daniel Siluk is a Portfolio Manager for Kapstream Capital, and is additionally 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 LeePortfolio Manager
Raymond Lee is a Portfolio Manager for Kapstream Capital, and as Head of Credit is responsible for leading credit 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 conducted analysis 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 as a Fundamental Credit Analyst at Goldman Sachs in Hong Kong. While at Goldman Sachs, Mr Lee assisted multinational corporate clients with credit and capital structure advice. He also conducted extensive analysis on 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 analytics.
Mr Roszkowski joined Kapstream in 2011 upon graduating at the top of his cohort with First Class Honours in Finance from the University of New South Wales. He received a Bachelor of Commerce and a Bachelor of Economics, focusing on Actuarial Studies, Economics and Finance. Mr Roszkowski’s Honour’s Thesis was entitled “The Profitability of Volatility Trading during the Financial Crisis.”
Mr Roszkowski also worked as a Casual Academic/Research Assistant at the University of New South Wales, where he designed and implemented lesson plans, assessed student progress and conducted academic research in the field of quantitative finance. He has also held internship positions in management consulting and risk management.
James BloomDirector of Investment Strategy
James Bloom is Director of Investment Strategy at Kapstream Capital, and is additionally responsible for institutional client and consultant relationships.
Prior to joining Kapstream, 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, and is additionally responsible for risk and portfolio analytics.
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.
David SaijaPortfolio Manager
David Saija is a Portfolio Manager for Kapstream Capital, and is responsible for credit analysis and portfolio management.
Prior to joining Kapstream in 2015, Mr Saija served as an Associate Director, Credit, at Challenger, focusing since 2010 on fundamental credit research and management. This included the analysis of leveraged loans, commercial real estate finance as well as financial institutions and corporate counterparties. In this role, Mr Saija specialised in financial modelling and extensive industry analysis across numerous sectors, and was also involved in macro-economic research. Mr Saija joined Challenger in 2006, initially serving as a Corporate Accountant within the ‘boutique’ funds management business, progressing to manage Financial and Business Performance Reporting functions within the same division.
Mr Saija began his career as an Assistant Financial Accountant at ABN AMRO Bank N.V. where he was employed between 2004 and 2006.
Mr Saija holds a Bachelor of Business (Distinction) from the University of Technology Sydney. He is also a member of Chartered Accountants Australia and New Zealand, and is a CFA charter holder.
Bob SahotaHead of Direct Lending
Bob Sahota is a Portfolio Manager and Head of Direct Lending for Kapstream Capital, responsible for the implementation and origination of the private debt and direct lending strategy, as well as contributing to the broader macro positioning discussion across all portfolios.
Prior to joining Kapstream in 2016, Mr Sahota served as Head of Fixed Income at Challenger Limited (ASX:CGF), a role he held since 2005. While at Challenger Mr Sahota led an investment team of 14 managing investment grade corporate credit, ABS, real estate finance, and leveraged finance/private debt portfolios on behalf of both Challenger Life Company and large Australian superannuation funds. During his tenure funds under management increased from A$1bn to A$9bn.
Before Challenger, Mr Sahota spent three years as a Credit Analyst and Portfolio Manager at PIMCO, responsible for credit analysis, security selection and portfolio management of corporate credit portfolios in the Asia/Pacific region. He previously served as Portfolio Manager, Infrastructure and Private Debt at AMP Capital, where for three years he was responsible for the origination and monitoring of a portfolio of loan exposures in the infrastructure and private/acquisition finance sectors.
Mr Sahota holds a Bachelor of Commerce in Accounting & Finance from the University of New South Wales, a Graduate Diploma in Applied Finance and Investment from FINSIA and a Masters of Applied Finance from Macquarie University.