Destra Insights

Q1 2024 Update for the Destra Multi-Alternative Fund (DMA)

Memorial Day is behind us now and it is time for the Summer Blockbusters. So with a nod to great movie quotes of the past, here is your May Credit Events newsletter!

April saw the Destra Credit Strategies Indicator (“CSI”) deliver an overall negative result of -0.86% on average with 12 of 18 sub-strategies declining on a total return basis for the month. This was a far cry from March, when the CSI was up a positive +1.33% on average and 17 of 18 categories were green!

The first quarter 2024 update for the BlueBay Destra International Event-Driven Credit Fund (CEDIX). This webcast features an interview with Portfolio Manager Duncan Farley from BlueBay.

Special situations credit investing is a sophisticated institutional strategy focusing on unique credit opportunities in companies facing stress, distress, restructuring, bankruptcy, or other dislocations.

As if St. Patty’s Day was not enough, there was green all over the screen in the month of March and for the first quarter of 2024.

Through the first two months of 2024, Intermediate Treasuries are off some 85bps on return and the Bloomberg US Agg index is off even more, at -1.68%. These two hallmark benchmarks represent the biggest portions of the bond investing landscape and if you only used these as a gauge you might say that fixed income investing was off to another poor year.

As we navigate the complexities of the financial landscape in 2024, the credit markets have presented us with a fascinating start, full of unexpected twists and turns. The Destra Credit Strategies Indicator has been at the forefront, meticulously tracking the pulse of 18 diverse sub-strategies in credit investing.

The fourth quarter 2023 update for the Destra Flaherty & Crumrine Preferred and Income Fund. This webcast features an interview with Portfolio Manager Eric Chadwick from Flaherty & Crumrine.

The fourth quarter 2023 update for the Destra Multi-Alternative Fund (DMA). This webcast features an interview with Portfolio Manager Mark Scalzo from Validus Growth Investors.