Randi Roessler
About Randi Roessler
Randi Roessler (birth year 1981) is Chief Compliance Officer (CCO) of Destra Multi-Alternative Fund (DMA) since 2023, appointed by the Board on August 16, 2023 . She is a Director at PINE Advisor Solutions (2023–present) and previously served as CCO for Davis Selected Advisers L.P. and affiliated funds and distributor from January 2018 to February 2023 . DMA discloses that the Fund pays no salaries or compensation to its officers and has no employees; officers are provided via service providers, so individual executive pay metrics are not disclosed in DMA’s proxy statement .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| Davis Selected Advisers L.P.; Davis Funds; Selected and Clipper Funds; Davis Select Fundamental ETF Trust; Davis Distributors, LLC | Chief Compliance Officer | Jan 2018 – Feb 2023 | CCO roles across adviser, multiple registered funds and distributor . |
External Roles
| Organization | Role | Years |
|---|---|---|
| PINE Advisor Solutions | Director | 2023 – present |
Fixed Compensation
| Component | 2023 | 2024 | 2025 | Notes |
|---|---|---|---|---|
| Base Salary | Not disclosed | Not disclosed | Not disclosed | DMA states it pays no salaries/compensation to officers and has no employees . |
| Target Bonus % | Not disclosed | Not disclosed | Not disclosed | Not disclosed in DMA proxy . |
| Actual Bonus Paid | Not disclosed | Not disclosed | Not disclosed | Not disclosed in DMA proxy . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
DMA does not disclose officer incentive metrics or payouts; officers are not compensated by the Fund .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Officer/Trustee group ownership | Trustees and officers, individually or as a group, owned less than 1% of DMA’s outstanding shares as of the record date . |
| Shares outstanding (context) | 8,963,239 Common Shares outstanding on the record date . |
| 5%+ holders (context) | Saba Capital Management, L.P.: 2,235,144 shares (24.94%); Bulldog Investors, LLP: 280,192 (3.13%); Phillip Goldstein: 322,457 (3.60%); Andrew Dakos: 280,192 (3.13%) . |
| Section 16/30(h) compliance | Fund reports required beneficial ownership filings were met during the last fiscal year . |
Note: The proxy does not provide an individual share count for Ms. Roessler or any pledging or hedging disclosures specific to officers; only the aggregate officer/trustee ownership is disclosed .
Employment Terms
| Term | Detail |
|---|---|
| DMA Role | Chief Compliance Officer since 2023 . |
| Appointment date | Appointed at Board meeting on August 16, 2023 . |
| Contract, severance, change-in-control, non-compete/non-solicit | Not disclosed in DMA proxy (officers are not Fund employees) . |
| Office address | c/o Destra Multi-Alternative Fund, 443 North Willson Avenue, Bozeman, MT 59715 . |
Investment Implications
- Pay-for-performance assessment is not applicable at the Fund level for Ms. Roessler because DMA pays no officer compensation; any salary/bonus/equity incentives would be at PINE Advisor Solutions (service provider) and are not disclosed in DMA filings, limiting direct alignment analysis via DMA’s proxy .
- Insider selling pressure indicators are minimal from Fund-level disclosures: officers/trustees as a group own less than 1% of DMA shares, and no individual officer ownership, pledging, or vesting schedules are provided, reducing visibility into potential Form 4–driven trading signals .
- Governance/oversight: Board engages the CCO to test compliance procedures of the Fund and service providers; the Fund reports Section 16/30(h) filing compliance, suggesting baseline governance hygiene, though not specific to Ms. Roessler’s individual record .
- Shareholder dynamics/trading context: Concentrated ownership by Saba (24.94%) could drive corporate actions or activism-related catalysts around structure, discount, or 2027 termination considerations, which may influence operational/compliance workloads but also create market-moving events for DMA shares .