Destra Multi-Alternative Fund (NYSE: DMA) is a diversified closed-end management investment company that seeks to deliver total return through exposure to a broad array of alternative investment strategies. Listed on the New York Stock Exchange, the fund aims to provide investors with risk-managed growth and current income by blending long and short positions across multiple markets. Its flexible mandate allows for direct investment in equities and fixed income instruments as well as the use of derivatives to enhance returns and manage volatility.
In pursuit of its objective, DMA allocates capital across a variety of strategies, including long/short equity, market-neutral, risk-managed and tactical income themes. The fund may also invest in real estate investment trusts, master limited partnerships, and other income-oriented vehicles to supplement its core alternative exposures. By combining these diverse approaches, DMA seeks to generate attractive risk-adjusted performance in both rising and falling markets, while targeting a consistent monthly distribution to shareholders.
DMA commenced operations in December 2019 following its initial public offering. Since launch, the fund has been advised by Destra Capital Management LLC, a Philadelphia-based investment firm specializing in multi-strategy and alternative portfolios. Destra Capital Management employs a team of portfolio managers and analysts who oversee the fund’s dynamic asset allocation, risk assessment and derivative overlays to align with its absolute-return philosophy.
Primarily focused on U.S. markets, Destra Multi-Alternative Fund benefits from established trading infrastructure and a regulatory framework designed to support closed-end funds. Through its disciplined risk controls and diversified strategy mix, DMA seeks to offer investors a vehicle that can potentially enhance portfolio resilience and provide a dependable source of income over market cycles.
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