Steben & Company, LLC

Steben & Company, LLC is an SEC‑registered investment adviser that specializes in alternative investments and currently serves a single privately offered managed futures limited partnership, the LoCorr Futures Portfolio Fund, L.P. The firm acts as the Fund’s general partner and provides discretionary management of the Fund’s trading program while overseeing the Fund’s cash and fixed‑income assets.

Steben’s Investment Committee oversees a low‑correlation managed futures objective, focusing on the selection and ongoing monitoring of commodity trading advisers who execute the Fund’s speculative futures strategy. The firm also appoints and monitors unaffiliated, SEC‑registered advisers to manage the Fund’s fixed‑income cash holdings under written cash‑management guidelines and uses third‑party managers for day‑to‑day cash management.

Noteworthy aspects include Steben’s registration with the CFTC as a commodity pool operator and swap firm and membership in the NFA in addition to its SEC registration, reflecting a regulatory footprint across futures and swaps markets. The firm’s routine selection and oversight of multiple outside advisers, its arrangements to compensate financial intermediaries for Fund distribution and shareholder services, and its ownership by Octavus Group, LLC distinguish it from many peers.