Janus Capital to buy Australia’s Kapstream Capital

08 July 2015

 

Janus Capital, the fund manager where ‘Bond King’ Bill Gross settled after leaving PIMCO, is buying Kapstream Capital, the Australian active bond fund co-founded by Kumar Palghat and Nick Maroutsos. The relationship with Gross is said to go back a long way when Palghat worked at PIMCO a decade ago and will see Palghat co-manage the global unconstrained fund with Mr Gross. The deal is said to be for 51%...

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