Management Agreement Renewal Letters between Citigroup Managed Futures LLC and Various Commodity Pool Managers (2007-2008)

Contract Categories: Business Operations › Management Agreements
Summary

Citigroup Managed Futures LLC 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, 2008. 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. The agreement ensures continued management of the specified funds under the same conditions for an additional year.

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EX-10.24 2 file2.htm MANAGEMENT AGREEMENT RENEWALS

Exhibit 10.24

June 30, 2007

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, 2008 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 Argo Master Fund L.P.

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,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Jennifer Magro                                
Jennifer Magro
Chief Financial Officer & Director
By:   /s/ Steve R. Crane                             

Print Name:    Steve R. Crane                   

JM/sr




Exhibit 10.24

June 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney Diversified Futures Fund L.P.
•  AURORA III
•  SSB Orion Futures Fund L.P.
•  CMF Winton Feeder LP I
•  Citigroup Diversified Futures Fund L.P.
•  CMF Winton Master Fund L.P.
•  CMF Institutional Futures Portfolio LP
•  Legion Winton
•  Citigroup Abingdon Futures Fund L.P.
•  Citigroup Global Futures Fund 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,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Jennifer Magro                                
Jennifer Magro
Chief Financial Officer & Director
By:   /s/ Martin Hunt                                    

Print Name:     Martin Hunt                        

JM/sr




Exhibit 10.24

June 30, 2007

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, 2008 and all other provisions of the Management Agreements will remain unchanged.

•  SB AAA Master Fund LLC
•  Salomon Smith Barney Orion Futures Fund L.P.
•  Smith Barney AAA Energy Fund L.P.
•  Salomon Smith Barney AAA Energy Fund L.P. II
•  Citigroup Diversified Futures Fund L.P.
•  CMF Institutional Futures Portfolio L.P.
•  Legion AAA LLC
•  Legion LTD AAA
•  Citigroup Energy Advisors Portfolio L.P.
•  Citigroup Global Futures Fund 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,

CITIGROUP MANAGED FUTURES LLC

By:   /s/ Jennifer Magro                                
Jennifer Magro
Chief Financial Officer & Director
By:   /s/ Anthony Annunziato                   

Print Name:    Anthony Annunziato          

JM/sr