Steben & Company Launches a Managed Futures Mutual Fund
GAITHERSBURG, Md., May 14, 2014 /PRNewswire/ -- Steben & Company, a leading provider of alternative investments, announced that it has launched the Steben Managed Futures Strategy Fund, an actively managed, multi-advisor mutual fund.
"Steben & Company was founded over 25 years ago to bring the potential diversification benefits of managed futures to financial advisors and high net worth investors," said Ken Steben, President and Chief Executive Officer. "We are pleased to make this investment class available to a wider range of investors in a mutual fund format."
The Steben Managed Futures Strategy Fund brings together a diversified set of trading advisors from around the world who use both trend and non-trend following systems to trade futures and forward contracts in over 200 global futures markets.
The Fund's investment objective is to seek positive long-term absolute returns with a low correlation to broad equity and fixed income market returns. The Fund is available in four share classes (Tickers: SKLAX, SKLCX, SKLIX and SKLNX).
"Our Research and Risk Management Team, under the oversight of the Steben Investment Committee, has a long history of manager screening, due diligence, selection and allocation," said Mr. Steben. "I'm excited to bring this level of experience and expertise to the marketplace in a product with a low minimum investment and daily liquidity."
About Steben & Company
Since 1989, Steben & Company has specialized in bringing alternative investments to sophisticated investors. Steben & Company uses its experience and expertise to help financial advisors and their clients understand alternative investments and the potential diversification benefits gained from adding them to an investment plan.
For more information, contact:
Rich Kendrick, Chief Marketing Officer
[email protected]
240.631.7600
www.steben.com
RISK CONSIDERATIONS Risks include the possible loss of principal. The Steben Managed Futures Strategy Fund (Fund) is a newly organized, non-diversified mutual fund. It invests up to 25% of its assets in a Cayman Islands subsidiary. Changes in tax laws would likely decrease investment returns. An investment in the Fund is speculative. There is no guarantee that the Fund will achieve its investment objectives. Any investment should be viewed as part of an overall investment program and should only be made by investors willing to undertake the risk involved. Diversification does not eliminate risk. Investing in commodity futures subjects the Fund to greater volatility. Foreign investments involve risks not typically associated with U.S. investments including fluctuations in foreign currency values, adverse social and economic developments, less liquidity, greater volatility, less developed or inefficient trading markets, political instability and differing auditing and legal standards. For other risks including, but not limited to, derivative instruments, fixed income securities, leverage, below investment grade securities, controlled foreign corporation subsidiary and investments in investment pools, please read the prospectus.
Before investing, you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other important information about the Fund is contained in the Fund's prospectus which can be obtained by calling 855.775.5571 or visiting www.steben.com. Please read the prospectus carefully before investing.
Foreside Fund Services, LLC, Distributor
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SOURCE Steben & Company
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