Kapstream brings a disciplined, global approach to fixed income investing, combining deep credit expertise with active risk management.
Kapstream manages a diversified suite of strategies across cash, income, absolute return and private credit, designed to help investors achieve consistent outcomes.
1 As at 30 June 2026
Total FUM1
Kapstream established
2007Our Funds
Kapstream
Absolute Return Income Fund
Managed Fund
An alternative approach to fixed income investments aiming to provide a steady stream of income and capital stability over the medium to long term.
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Kapstream
Absolute Return Income Plus Fund
Managed Fund
An alternative approach to fixed income investments aiming to provide a superior stream of income and capital stability over the medium to long term.
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Kapstream
Private Investment Fund
Managed Fund
A diversified private credit strategy aiming to deliver consistent income through direct and selectively structured investment opportunities.
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Kapstream
Absolute Return Income Active ETF
Listed Fund
An actively managed fixed income ETF providing access to global fixed income markets to facilitate a steady income stream with capital stability across economic cycles.
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Kapstream
Investment Trust
Listed Fund
A listed fixed income trust aiming to provide investors with a reliable monthly income stream and risk-adjusted returns by investing across global bonds, private debt, and diversified credit opportunities.
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Why Invest with Kapstream?
As an active investment manager, Kapstream was founded on the belief that by removing the constraints inherent in conventional benchmark-relative fixed income portfolio strategies, and by setting absolute return targets and absolute risk limits, portfolios could be constructed using predominantly investment grade assets that more closely meet the true requirements of investors in preserving capital and delivering consistent and positive absolute returns.
Capital preservation focus
Protecting capital is considered in decisions, with fund risks actively managed
Consistent income
Targeting a portfolio of high-quality fixed investments producing a steady quarterly income stream through the cycle
Dynamic & unconstrained approach
Aiming to invest wherever the best risk-adjusted opportunities can be found, irrespective of traditional benchmark indices
Global diversification
A broad opportunity set spanning geographies, sectors and the capital structure may complement other asset classes
Latest News & Insights
Ausbiz | Fixed Income Positioning for a Wobbly World
Renewed Middle East tensions put bonds and credit in focus, says Mark Bayley, who sees markets reacting in a relatively contained way so far.
How Kapstream Is Balancing Global Shocks and Fixed Income Yields
Dylan Bourke joined Livewire Markets’s Fund in Focus to explore one of the big questions in markets right now: can the AI investment boom outweigh the inflationary pressure coming from global supply shocks?
Why Fixed Income Has Stopped Being the Boring Part of Your Portfolio
Mark Bayley joins Livewire to discuss how the role of fixed income is shifting, with higher yields and more volatility creating a very different opportunity set for investors
The Warsh Fed: A Change in Style and Substance?
At the helm of his inaugural meeting, Federal Reserve Chairman Kevin Warsh affirmed that the central bank’s attention is squarely focused on price stability while also laying out a reform agenda. Head of Global Short Duration and Liquidity Daniel Siluk elaborates.
