Destra Capital to Acquire Altegris Funds
Destra Capital Advisors LLC ("Destra Capital"), a boutique asset management firm, today announced that it will acquire the investment management contracts for the Altegris/AACA Opportunistic Real Estate Fund, Altegris Futures Evolution Strategy Fund, the Altegris/Crabel Multi-Strategy Fund and various other related assets to include the Altegris Winton Futures Fund LP from Altegris Advisors LLC ("Altegris"). Altegris has been at the forefront of providing innovative alternative investments since its founding over 20 years ago. Their multi-strategy, real estate and managed futures solutions will provide a meaningful enhancement to Destra's current suite of alternative investment offerings.
"Alternatives are now a fundamental element of most advisors' practices and are becoming an increasingly important element of well diversified client portfolios," said Dominic Martellaro, CEO of Destra Capital. "Bringing the Altegris and Destra product lines together will greatly enhance the active and alternative offerings we bring to financial advisors, RIAs, broker dealers and financial institutions."
"We are excited to be joining the Destra Capital team," said Matt Osborne, Co-Founder and CEO of Altegris. "Our firms share the same advisor-centric focus on finding differentiated investment strategies from industry leading asset managers and then assembling them into compelling solutions for use by wealth managers across the country."
Through this transaction, Destra Capital will add three additional mutual funds and a private commodity pool to its investment lineup and bring the skill and experience of key members of the Altegris team, with Matt Osborne continuing in his role as Portfolio Manager, overseeing the managed futures and multi-strategy investments.
The transaction is subject to customary closing conditions and expected to close in the second quarter of 2024.
About Destra Capital
Founded in 2008, Destra Capital was purpose-built to help independent thought leaders achieve better wealth outcomes by sourcing the next generation of investment solutions. To achieve these goals, Destra selects experienced partners with unique investment strategies or services. Mutual funds, interval funds, closed-end funds, separate accounts, and investment services - all are tools that the team uses to help investors intentionally grow their wealth outcomes over time.
About Altegris Advisors LLC
Altegris is a boutique investment manager with a deep research heritage and pedigree of innovation. We build actively managed investment solutions designed to help financial advisors, institutions and individual investors achieve greater alpha, lower risk, and improve portfolio diversification.
Copyright © 2024. Destra Capital Investments LLC. All rights reserved.
Destra Capital
443 N. Willson Ave
Bozeman, MT 59715
www.destracapital.com
For more information about Destra or Altegris, please contact Rob Watson, President of Destra Capital Advisors LLC, at 312-208-1821 or [email protected].
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