Destra Capital Management (Destra) has launched the Destra International & Event-Driven Credit Fund, a registered 1940 Act closed-end interval fund sub-advised by BlueBay Asset Management (BlueBay), a global fixed income specialist and an industry leader in multi-asset credit and event-driven credit investing.
“Destra is excited to make BlueBay’s unique investment strategies available to advisors and investors in the United States,” says Dominic Martellaro, Chief Executive Officer of Destra. “Destra and BlueBay are among the first to offer retail investors and financial advisors an international & event-driven credit strategy inside of a closed-end interval fund product.”
The fund is designed to pursue opportunities throughout the credit cycle and to provide long-term investors the potential for high income, total return and professional management from BlueBay, a premier global credit manager.
The fund’s strategy is highly differentiated from the current interval fund marketplace because it brings a focus on international credit investing and access to “event-driven” credits for long-term investors.