GAITHERSBURG, Md., Jan. 27, 2015 /PRNewswire/ -- Steben & Company, Inc., a leading provider of alternative investments, announced today that John Dolfin, CFA, has been named Chief Investment Officer of the Firm.

"In the years that John has been with us, his skill, expertise and insights have made a great contribution to Steben & Company, in both our new and existing funds," said Ken Steben, President and CEO of Steben & Company. "John's leadership in the portfolio construction and hedge fund allocations for the Steben Select Multi-Strategy Fund has created an award winning ( )Fund(1) that has delivered strong performance so far and offers investors a way of diversifying their investments. We are very fortunate to have John in this leadership position for us."

Prior to his promotion, Mr. Dolfin was Director of Research and was responsible for due diligence and allocation to the various hedge funds and trading advisors in Steben Funds. Prior to joining Steben & Company, John was Managing Director, Liquid Strategies Group at SAFANAD Inc., and he served as Director, Head of Macro and CTA Strategies at Merrill Lynch Wealth Management. John earned his Bachelor of Arts in Philosophy, Politics and Economics from The University of Oxford in 1993, and a Masters in Economics from Yale University in 1996. John has been a CFA charter holder since 2005.

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
richard.kendrick@steben.com
240.631.7620
www.steben.com

Important Disclosures
Before investing, you should carefully consider the Fund's investment objectives, risks, charges and expenses. For more information or to obtain a current prospectus, please contact Steben & Company at 800.726.3400 or info@steben.com. Please read the prospectus carefully before you invest.

(1) 2014 Wealth & Finance Alternative Investment Awards | Past Performance is Not Necessarily Indicative of Future Results. Wealth & Finance International is dedicated to spotlighting the best performing and most deserving companies and individuals from the business world. The 2014 Wealth & Finance Alternative Investment Awards pay tribute to businesses and individuals leading the way in one of the world's most exciting and diverse industries. Criteria carefully scrutinizes everything from a nominee's region to their performance over the past 12 months, their commitment to innovation, their methods and even their competition to ensure that only the most deserving names walk away with a trophy.

RISK CONSIDERATIONS Steben Select Multi-Strategy Fund is part of a master feeder structure and invests in a closed-end, non-diversified investment company with the same objectives and strategies (Master Fund), which in turn invests in hedge funds (Portfolio Funds). Fund investors will bear the Fund's asset-based fees and expenses, which includes the Fund's pro rata portion of the fees and expenses of the Master Fund and, indirectly, of the Portfolio Funds. Those fees may include performance-based compensation of the underlying managers. An investment in the Fund is speculative and there is no guarantee that the Fund will achieve its investment objectives.
Investments in securities involve risk of the loss of capital and the risks inherent in an investment in securities. See the Fund's prospectus for the risks of investing, including: limited liquidity, distressed securities, junk bonds, foreign currency translation, long-biased strategies, sector specific risks, counterparty risk, leverage/borrowing, purchases of initial public offerings, valuation, master-feeder structure, use of short selling, options, futures, commodities, real assets and investment in non-US securities.
Both the Fund and the Master Fund are registered with the Securities and Exchange Commission as investment companies but the Portfolio Funds are not. The Portfolio Funds may be highly leveraged. A portfolio of hedge funds may increase the potential for losses and gains. The underlying managers may invest a substantial portion of their assets in a particular market or sector, which may subject the Portfolio Funds (and the Fund) to greater risk and volatility . There can be no assurance that an underlying manager's strategy will be successful. The Portfolio Funds can be highly illiquid and may not be required to provide periodic pricing or valuation to investors.
The overall performance of the Fund is dependent not only on the investment performance of individual managers, but also on the ability of the Fund's Investment Manager to effectively select and allocate the Fund's assets among such managers on an ongoing basis. The Fund may be less diversified and more subject to concentration risk than other funds of hedge funds. The value of the Fund's portfolio investments should be expected to fluctuate. The Fund's shares are not listed on any securities exchange, and it is not anticipated that a secondary market for shares will develop. The Fund cannot guarantee that investors will be able to effect repurchases of as many shares as they request.
INVESTOR CONCERNS AND SUITABILITY
The Fund is appropriate only for investors who can bear the risks associated with limited liquidity and should be considered a long-term investment. Investors may lose some or all of their investment and should carefully consider their investment objectives, personal situation, and other factors such as net worth, income, age, risk tolerance and liquidity needs before investing in the Fund.
Foreside Fund Services, LLC, Distributor.

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SOURCE Steben & Company, Inc.