Kapstream Plans to Double Assets

July 23rd, 2009
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Kapstream Capital has announced plans to nearly double its total assets under management over the course of the next month, according to Bloomberg. The firm’s ultimate goal is to have assets of A$1.5 billion by the end of this year, up from A$650 million currently. Kapstream would like to capitalize on the rising Australian demand for fixed-income investments—but it must compete with Pimco and Blackrock, which have both traditionally dominated the Australian market. Kapstream’s new investors will be “local pension funds,” according to founder and current Director Kumar Pelghat.
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Kapstream Capital
Related People: Kumar Palghat; Laurence D. Fink; Nick Maroutsos
Related Entities: Barclays Global Investors; Merrill Lynch Investment Managers; PNC Financial Services; State Street Research & Management; Bank of America; BlackRock Equity Funds; Blackstone Group*; Kapstream Absolute Return Income Fund; Kapstream Capital Pty Ltd; Kapstream Sovereign Bond Fund II
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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