Daniel Siluk

Portfolio Manager

Daniel Siluk is a Portfolio Manager at Kapstream Capital, a subsidiary of Janus Henderson Investors, which acquired Kapstream in 2015. He is responsible for co-managing the Absolute Return Income strategy. Daniel came to Janus when it acquired Kapstream in 2015. Prior to joining Kapstream in 2009, he served as manager of investment analytics at Challenger, a position he held from 2007 to 2009. While there, he provided attribution and risk metrics for the firm’s internal funds management business as well as their boutique partnerships, which included Kapstream. Before Challenger, he spent four years in London, where he implemented and tested attribution and risk systems for Insight Investment, the funds management arm of Halifax Bank of Scotland, and Northern Trust.

Daniel received a bachelor of applied finance degree from Macquarie University. He has 17 years of financial industry experience.

Articles Written

RBA to markets: “We are still here”

RBA to markets: “We are still here”

Portfolio Manager Dan Siluk explains that, despite economic conditions appearing to stabilise throughout much of Australia, the Reserve Bank of Australia felt compelled to recommence bond purchases to establish its credibility with respect to its yield curve control programme.

The shape of credit

The shape of credit

Portfolio managers on the Absolute Return Income Strategy look at the factors shaping credit markets from central bank support to potential resilience from financials.

Beyond the nadir

Beyond the nadir

Just over two months has passed since markets dramatically sold off as the COVID-19 pandemic unfolded. There is much talk of the ‘new normal’ in every aspect of our lives, but what does this mean for fixed income? Nick Maroutsos, Dan Siluk and Jason England, co-managers of the Absolute Return Income strategy, answer some of the key questions.

Unconventional Monetary Policy in Australia: Not If, but When

Unconventional Monetary Policy in Australia: Not If, but When

Dan Siluk explains why a slowing economy and limited ability to lower interest rates may force the RBA to resort to unconventional monetary policy.

Keep your cash in play

Keep your cash in play

With the yields on short-dated investments very low or negative in Europe, managers of the Janus Henderson Absolute Return Fixed Income Fund, explain how moving along the risk spectrum into an actively-managed, low volatility fixed income strategy could be a potential solution for investors seeking to make their defensive assets work harder over the medium term.

Generating returns in a low rate environment

Generating returns in a low rate environment

In this round-table discussion, Nick Maroutsos, Dan Siluk and Jason England, portfolio managers on the Absolute Return Income strategy, talk candidly about matters affecting markets and how these are influencing their investment decisions.

Credit where credit’s due

Credit where credit’s due

​Nick Maroutsos and Daniel Siluk, Portfolio Managers on the Absolute Return Income Strategy, discuss the recent negative sentiment in global credit markets and remind us that not all credit is the same; sometimes it pays to delve more deeply into the reasons behind a particular rating.

BBB securities: a reach for yield with long-term repercussions?

BBB securities: a reach for yield with long-term repercussions?

As investors seek higher returns following a long period of very low rates, issuers are taking advantage by issuing longer-term debt for lower-rated securities, notably in the BBB sector. In this video, Portfolio Managers Nick Maroutsos, Dan Siluk and Jason England discuss the risks presented by a large influx of BBB-rated securities.

Fixed Income Insight: Redefining core fixed income

Fixed Income Insight: Redefining core fixed income

In this Fixed Income Insight, Nick Maroutsos, Dan Siluk and Jason England explain the importance of redefining what core fixed income allocations may look like going forward.

Opportunities in absolute return income – topical themes

Opportunities in absolute return income – topical themes

Dan Siluk, co-manager of the Janus Henderson Absolute Return Income Fund, covers a number of topics on fixed income markets, including questions about Australia, BBB and curve positioning.

Why short duration now

Why short duration now

Members of the Janus Henderson Global Bonds Team explain why the return of positive real interest rates comes at a welcome time.