Gross gets co-manager as Janus acquires Australian asset manager

Janus Capital has acquired fixed income asset manager Kapstream Capital, in a move which sees Bill Gross gain a co-manager on his Unconstrained Bond fund.

Janus has acquired a majority interest in Australia-based Kapstream for an initial cash consideration of $85m, with the option to purchase the remaining 49% of the company in future. The deal brings Janus global macro fixed income assets to $8.7bn (£5.6bn). How the Gross effect and specialist funds can open doors for Janus in the UK Kapstream, a global unconstrained fixed income asset manager with $6.6bn (£4.2bn) in assets under management, was founded in 2006 by Kumar Palghat and Nick Maroutsos. Palghat, Gross (pictured) and Janus CEO Dick Weil all worked together for a decade ...