Overview
Steben & Company, LLC was founded in 1989, and is an investment advisory firm specializing in
alternative investments. With over 30 years of experience, Steben & Company provides
discretionary investment management and advisory services, together with investment
management products, to financial advisors and institutions.
Steben & Company is registered with the Securities and Exchange Commission (SEC) as an
investment adviser. We also are registered with the Commodity Futures Trading Commission
(CFTC) as a commodity pool operator (CPO) and swap firm. We are a member of the National
Futures Association (NFA). Registration with the SEC or other regulators does not imply a certain
level of skill or training.
Steben & Company is organized as a Maryland limited liability company and its principal place of
business is located at 687 Excelsior Blvd. Excelsior, MN 55331. As of December 31, 2023,
Steben & Company had responsibility for managing in excess of $119 million in assets for its
advisory clients. As of December 31, 2023, Steben & Company’s regulatory assets under
management were approximately $119 million. Octavus Group, LLC is the sole shareholder of
Steben & Company.
Steben & Company currently sponsors and manages
as General Partner one privately offered
managed futures limited partnership, the LoCorr Futures Portfolio Fund, L.P. (the “Fund”).
However, the information presented in this brochure relates only to the investment advisory
services involving securities.
The Fund
Steben & Company serves as the general partner of the LoCorr Futures Portfolio Fund, L.P., a
Regulation D 506(b) privately offered managed futures fund.
Our advisory services to the Fund consist of managing, either directly or through the efforts of
other registered investment advisory firms, the excess margin and other cash assets of the Fund,
by investing these assets in high quality, fixed income securities. To assist in this process, Steben
& Company has created cash management guidelines to be followed by each such firm in carrying
out its function.
Steben & Company currently utilizes a third-party advisory firm to carry out the day-to-day
management of the fixed income assets of the Fund, pursuant to the limited partnership
agreement between Steben & Company and the Fund.
Steben & Company is registered with the CFTC and a member of the NFA with respect to its
advisory services to the Fund.
5 | P a g e Steben & Company, LLC Form ADV Part 2A: Brochure