<SEC-DOCUMENT>0001062993-25-016170.txt : 20251017
<SEC-HEADER>0001062993-25-016170.hdr.sgml : 20251017
<ACCEPTANCE-DATETIME>20251017124851
ACCESSION NUMBER:		0001062993-25-016170
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251017
DATE AS OF CHANGE:		20251017

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Destra Multi-Alternative Fund
		CENTRAL INDEX KEY:			0001523289
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93777
		FILM NUMBER:		251399729

	BUSINESS ADDRESS:	
		STREET 1:		443 N. WILLSON AVE.
		CITY:			BOZEMAN
		STATE:			MT
		ZIP:			59715
		BUSINESS PHONE:		877-855-3434

	MAIL ADDRESS:	
		STREET 1:		443 N. WILLSON AVE.
		CITY:			BOZEMAN
		STATE:			MT
		ZIP:			59715

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Multi-Strategy Growth & Income Fund
		DATE OF NAME CHANGE:	20110614

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABSOLUTE INVESTMENT ADVISERS, LLC
		CENTRAL INDEX KEY:			0001316187
		ORGANIZATION NAME:           	
		EIN:				201269668
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		82 SOUTH BARRETT SQUARE
		STREET 2:		SUITE 2G
		CITY:			ROSEMARY BEACH
		STATE:			FL
		ZIP:			32461
		BUSINESS PHONE:		781-740-1904

	MAIL ADDRESS:	
		STREET 1:		PO BOX 611132
		CITY:			ROSEMARY BEACH
		STATE:			FL
		ZIP:			32461

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ABSOLUTE INVESTMENT ADVISERS LLC
		DATE OF NAME CHANGE:	20050201
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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		<submissionType>SCHEDULE 13G/A</submissionType>
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			<filer>
				<filerCredentials>
					<cik>0001316187</cik>
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			<liveTestFlag>LIVE</liveTestFlag>



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		<coverPageHeader>
			<amendmentNo>2</amendmentNo>
			<securitiesClassTitle>Common Stock</securitiesClassTitle>
			<eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
			<issuerInfo>
				<issuerCik>0001523289</issuerCik>
				<issuerName>Destra Multi-Alternative Fund</issuerName>
				<issuerCusip>25065A502</issuerCusip>
				<issuerPrincipalExecutiveOfficeAddress>
					<com:street1>443 N. Wilson Avenue</com:street1>
					<com:city>Bozeman</com:city>
					<com:stateOrCountry>MT</com:stateOrCountry>
					<com:zipCode>59715</com:zipCode>
				</issuerPrincipalExecutiveOfficeAddress>
			</issuerInfo>
			<designateRulesPursuantThisScheduleFiled>
				<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
			</designateRulesPursuantThisScheduleFiled>
		</coverPageHeader>
		<coverPageHeaderReportingPersonDetails>

			<reportingPersonName>Absolute Investment Advisers, LLC</reportingPersonName>
			<memberGroup>b</memberGroup>
			<citizenshipOrOrganization>DE</citizenshipOrOrganization>
			<reportingPersonBeneficiallyOwnedNumberOfShares>
				<soleVotingPower>286632</soleVotingPower>
				<sharedVotingPower>0</sharedVotingPower>
				<soleDispositivePower>286632</soleDispositivePower>
				<sharedDispositivePower>0</sharedDispositivePower>
			</reportingPersonBeneficiallyOwnedNumberOfShares>
			<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>286632</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
			<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
			<classPercent>3.2</classPercent>
			<typeOfReportingPerson>IA</typeOfReportingPerson>
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			<item1>
				<issuerName>Destra Multi-Alternative Fund</issuerName>
				<issuerPrincipalExecutiveOfficeAddress>443 N. Wilson Avenue, Bozeman, MONTANA 59715</issuerPrincipalExecutiveOfficeAddress>
			</item1>
			<item2>
				<filingPersonName>Absolute Investment Advisers, LLC</filingPersonName>
				<principalBusinessOfficeOrResidenceAddress>82 S. Barrett Square
Suite 2G PO Box 611132
Rosemary Beach, FL 32461</principalBusinessOfficeOrResidenceAddress>
				<citizenship>United States</citizenship>
			</item2>
			<item3>
				<notApplicableFlag>N</notApplicableFlag>
				<typeOfPersonFiling>IA</typeOfPersonFiling>
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			<item4>
				<amountBeneficiallyOwned>286632</amountBeneficiallyOwned>
				<classPercent>3.20</classPercent>
				<numberOfSharesPersonHas>
					<solePowerOrDirectToVote>286632</solePowerOrDirectToVote>
					<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
					<solePowerOrDirectToDispose>286632</solePowerOrDirectToDispose>
					<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
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			<item5>
				<notApplicableFlag>N</notApplicableFlag>
				<classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
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			<item6>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item7>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item8>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item9>
				<notApplicableFlag>Y</notApplicableFlag>
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			<item10>
				<notApplicableFlag>N</notApplicableFlag>
				<certifications>By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to An investment adviser registered under Section 203 of the Investment Advisers Act of 1940 or under the laws of any state is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
</certifications>
			</item10>
		</items>
		<signatureInformation>
			<reportingPersonName>Absolute Investment Advisers, LLC</reportingPersonName>
			<signatureDetails>
				<signature>David Faherty</signature>
				<title>Chief Compliance Officer</title>
				<date>10/17/2025</date>
			</signatureDetails>
		</signatureInformation>
	</formData>
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