Management Agreement Renewal Extension between Ceres Managed Futures LLC and Winton Capital Management (June 2010)

Summary

Ceres Managed Futures LLC and Winton Capital Management have agreed to extend the term of their existing management agreements for several commodity pools until June 30, 2011. All other terms and conditions of the original agreements remain unchanged. The extension applies to multiple funds managed by Winton Capital Management. Both parties have acknowledged the extension by signing this letter agreement.

EX-10.2.B 2 y04521exv10w2wb.htm EX-10.2.B exv10w2wb

Exhibit 10.2(b)

June 1, 2010

Winton Capital Management
la. St. Mary Abbot’s Place
Kensington, London W86LS,
U.K.

Attention: Mr. Martin Hunt


Re:		Management Agreement Renewals

Dear Mr. Hunt:

We are writing with respect to your management agreements concerning the commodity pools to which reference is made below (the “Management Agreements”). We are extending the term of the Management Agreements through June 30, 2011 and all other provisions of the Management Agreements will remain unchanged.

	•		Diversified Multi-Advisor Futures Fund L.P.

	•		Orion Futures Fund L.P.

	•		CMF Winton Feeder I LP

	•		CMF Winton Master Fund L.P.

	•		Tactical Diversified Futures Fund L.P.

	•		Institutional Futures Portfolio LP

	•		Abingdon Futures Fund L.P.

	•		Global Futures Fund Ltd.

	•		Orion Futures Fund (Cayman) Ltd.

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Ms. Jennifer Magro at the address above or fax to ###-###-####. If you have any questions I can be reached at ###-###-####.


	Very truly yours, CERES MANAGED FUTURES LLC
	By:	/s/ Jennifer Magro
		Jennifer Magro
		Chief Financial Officer & Director


WINTON CAPITAL MANAGEMENT

By: Print Name:		/s/ Peter Jauhal PETER JAUHAL
JM/sr		DIRECTOR
		WINTON CAPITAL MANAGEMENT