Nick Maroutsos

Head of Global Bonds | Portfolio Manager
Nick Maroutsos | Janus Henderson Investors

Nick Maroutsos is Head of Global Bonds at Janus Henderson Investors. He is also a Portfolio Manager responsible for co-managing the Absolute Return Income, Absolute Return Income Plus, Global Multi-Sector Fixed Income and Global ex-UK Government Bond strategies. Additionally, Nick is a founder and Managing Director of Kapstream Capital. Prior to forming Kapstream in 2006, he was with PIMCO from 1999 to 2005. From 2002 to 2005, Nick was vice president at PIMCO in Australia, where he worked with key clients and managed the development and launch of new strategies for the Australian market. From 2001 to 2003, he was a senior portfolio analyst on the global trading team managing the global fixed income portfolios and firm-wide global strategies. This entailed analysing fixed income markets, the strategic implementation of all global portfolios, and portfolio construction. Nick joined PIMCO’s Newport Beach, California, office in 1999. He is a sought-after expert on the global bond market and is a key speaker at industry forums and conferences. He and his colleagues have received numerous industry accolades and recognition.

Nick received a bachelor of arts degree in economics from the University of California – San Diego and an MBA from the University of California – Los Angeles, Anderson School of Management. He has 21 years of financial industry experience.

Articles Written

A letter to the Fed from a concerned friend

A letter to the Fed from a concerned friend

Head of Global Bonds Nick Maroutsos expresses concern that monetary policy focused on financial markets will do little to ignite the growth needed for the economy to recover from recent weakness.

Bond Markets Channel Their Inner Tubthumping

Bond Markets Channel Their Inner Tubthumping

Portfolio managers on the Absolute Return Income Strategy reflect on how the lyrics of a song from 20 years ago can have some interesting overlap with today’s crisis-hit economy and markets.

A superfluous tweak to the Fed’s mandate

A superfluous tweak to the Fed’s mandate

Nick Maroutsos, Co-Head of Global Bonds, believes that despite a shift in policy, the US Federal Reserve will likely not have to worry about watching inflation climb above its target of averaging 2% over the long term.

Fed update: Stealth yield curve control?

Fed update: Stealth yield curve control?

Nick Maroutsos comments on how the Fed, in sticking to its script of accommodative policy, has let financial markets know that it means business in supporting the economy.

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.

Despite high marks, Fed still has issues to resolve

Despite high marks, Fed still has issues to resolve

Why we believe the Fed must place greater emphasis on channeling accommodative policy to the backbone of the real economy: households and small businesses.

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.

A negative fed funds rate: not yet willing – or needing – to go “there”

A negative fed funds rate: not yet willing – or needing – to go “there”

Co-Head of Global Bonds Nick Maroutsos states that even without negative interest rates, bond portfolios must work harder to achieve desired results.

Keep an eye on the real economy

Keep an eye on the real economy

Why financial markets should ultimately be focused on the outlook for households in consumption-driven economies like the U.S.

A targeted fiscal response cannot erase all risks
Quick Views Coronavirus

A targeted fiscal response cannot erase all risks

Nick Maroutsos explains that while last week’s relief bill targeted the right segments of the economy, rising solvency risk may merit additional action.

The Fed’s Third Emergency Meeting: We Will Buy in “Amounts Needed”
Quick Views Coronavirus

The Fed’s Third Emergency Meeting: We Will Buy in “Amounts Needed”

A discussion of today’s actions taken by the Federal Reserve to improve financial market liquidity.

Navigating volatility in fast-evolving markets

Navigating volatility in fast-evolving markets

As the coronavirus-induced economic dislocation becomes more profound, Nick Maroutsos, Co-Head of Global Bonds, discusses positioning within the Absolute Return Income Strategy.