About Steben

Global Diversification

Steben & Company’s strength is our ability to conduct global manager due diligence, selection, allocation and monitoring. For over a quarter century, our Research and Risk Management Team has searched globally for what we believe are the best investment managers available for inclusion in our Funds. 

By developing investment products that combine these managers, and then consistently monitoring and evaluating their performance, we can deliver the types of products that investors seek when allocating to alternative investments.

Hedge Fund Diversification

A multi-strategy fund of hedge funds can expose the investor to a broad range of global hedge fund investing styles.

As illustrated below, hedge fund strategies can generally be separated into six styles across three categories: Tactical, Event Driven, and Arbitrage.

Steben's rigorous research and due diligence process searches globally for what we feel are the best managers in each of the selected styles our Funds are invested in.

Tactical Event-Driven Arbitrage
Equity
Long/Short
Distressed
Securities
Equity
Market Neutral
Global Macro Special Situations Fixed Income
Relative Value

Managed Futures Diversification

Managed futures trading advisors take both long and short positions in over 200 futures markets from around the globe, including currencies, energies, interest rates, metals, equity indices and agricultural commodities. These markets are impacted — positively or negatively — by geopolitical concerns, currency risk and local investor sentiment, among other factors. By trading in global markets, the trading advisors can potentially take advantage of worldwide price trends that are often driven by these events.

 
Agriculturals
Agriculturals
Soybeans, Soymeal, Corn, Wheat, Cotton, Cocoa, Coffee, Sugar, Bean Oil, Canola

Equity Indices
Equity Indices
DAX (Germany), FTSE 100 (UK), Hang Seng (Hong Kong), NASDAQ 100 (US), Nikkei (Japan), S&P 500 (US)

Currency Currencies
Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Norwegian Krone, Swedish Krona, Swiss Franc‚Äč
Interest Rates
Interest Rates
Long-Term: Bund (Germany), JGB (Japan), Treasury Bonds & Notes (US);
Short-Term: Eurodollar (US), Euroyen (Japan), Schatz (Germany)
Energy
Energy
Brent Crude, Gas Oil, Heating Oil, Natural Gas, Unleaded Gas, WTI Crude
Metals
Metals
Aluminum, Copper, Gold, Lead, Nickel, Platinum, Silver, Zinc

Global Diversification      

 
 Agriculturals
Soybeans, Soymeal, Corn, Wheat, Cotton, Cocoa, Coffee, Sugar, Bean Oil, Canola
 Energy
Brent Crude, Gas Oil, Heating Oil, Natural Gas, Unleaded Gas, WTI Crude
 Metals
Aluminum, Copper, Gold, Lead, Nickel, Platinum, Silver, Zinc
Currencies
Australian Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, Norwegian Krone, Swedish Krona, Swiss Franc
 Interest Rates
Long-Term: Bund (Germany), JGB (Japan), Treasury Bonds & Notes (US); Short-Term: Eurodollar (US), Euroyen (Japan), Schatz (Germany)
 Equity Indices
DAX (Germany), FTSE 100 (UK), Hang Seng (Hong Kong), NASDAQ 100 (US), Nikkei (Japan), S&P 500 (US)