Management Agreement Renewal Letters between Citigroup Managed Futures LLC and Various Commodity Pool Managers (2006-2007)

Contract Categories: Business Operations › Management Agreements
Summary

Citigroup Managed Futures LLC has sent letters to Willowbridge Associates Inc., Winton Capital Management, and AAA Capital Management Inc. to extend the terms of their existing management agreements for various commodity pools through June 30, 2007. All other terms of the original agreements remain unchanged. Each manager is asked to acknowledge and accept the extension by signing and returning the letter. This renewal ensures continued management services for the listed funds under the same conditions as before.

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EX-10.23 2 file2.htm MANAGEMENT AGREEMENT RENEWALS

Exhibit 10.23

June 30, 2006

Willowbridge Associates Inc.
101 Morgan Lane – Suite 180
Plainsboro, N.J. 08536

Attention: Mr Steve R. Crane

Re: Management Agreement Renewals

Dear Mr. Crane:

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, 2007 and all other provisions of the Management Agreements will remain unchanged.

•  Salomon Smith Barney Orion Futures Fund L.P.
•  Smith Barney Diversified Futures Fund L.P.
•  Smith Barney Diversified Futures Fund L.P. II
•  Citigroup Diversified Futures Fund L.P.
•  Citibank NA (Alera 100)
•  CMF Institutional Futures Portfolio LP
•  CMF Willowbridge Master

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

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.                
Daniel R. McAuliffe, Jr.
Chief Financial Officer & Director
By:   /s/ Steve R. Crane                             

Print Name:    Steve R. Crane                   

DRMcA/sr



Exhibit 10.23

June 30, 2006

Winton Capital Management
1a. 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, 2007 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney Diversified Futures Fund L.P.
•  AURORA 2001
•  AURORA III
•  SSB Orion Futures Fund L.P.
•  Alera Portfolio Spc
•  CMF Winton Feeder LP I
•  Citigroup Diversified Futures Fund L.P.
•  CMF Winton Master Fund L.P.
•  CMF Institutional Futures Portfolio LP

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

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.                 
Daniel R. McAuliffe, Jr.
Chief Financial Officer & Director
By:   /s/ Martin Hunt                                    

Print Name:     Martin Hunt                        

DRMcA/sr



Exhibit 10.23

June 30, 2006

AAA Capital Management Inc.
1300 Post Oak Blvd. #350
Houston, Texas 77056

Attention: Mr. Anthony Annunziato

Re: Management Agreement Renewals

Dear Mr. Annunziato:

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, 2007 and all other provisions of the Management Agreements will remain unchanged.

•  SB AAA Master Fund LLC
•  Salomon Smith Barney Orion Futures Fund L.P.
•  Citigroup Diversified Futures Fund L.P.
•  CMF Institutional Futures Portfolio L.P.

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

Very truly yours,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Daniel R. McAuliffe, Jr.             
Daniel R. McAuliffe, Jr.
Chief Financial Officer & Director
By:   /s/ Anthony Annunziato                   

Print Name:    Anthony Annunziato          

DRMcA/sr