Management Agreement Renewal Letters between Citigroup Managed Futures LLC and Multiple Commodity Pool Managers (June 2004)

Contract Categories: Business Operations › Management Agreements
Summary

Citigroup Managed Futures LLC sent letters to several investment management firms, including Drury Capital Inc., Aspect Capital Management Ltd., John W. Henry & Company, Inc., Willowbridge Associates Inc., Capital Fund Management, and Graham Capital Management, L.P., to extend the terms of their existing management agreements for various commodity pools through June 30, 2005. 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 renewal ensures continued management of the specified funds under the same conditions for another year.

Read More Arrow
EX-10.1 3 file002.htm MANAGEMENT AGREEMENT

Exhibit 10.1

June 11, 2004

Drury Capital Inc.
47 Hulfish Street – Suite 340
Princeton, N.J. 08542

Attention: Mr. Bernard Drury

Re:   Management Agreement Renewal

Dear Mr. Drury:

We are writing with respect to your management agreement concerning the commodity pool to which reference is made below (the "Management Agreement"). We are extending the term of the Management Agreement through June 30, 2005 and all other provisions of the Management Agreement will remain unchanged.

•  Citigroup Diversified Futures Fund 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 and Director
By:  /s/ Bernard Drury

Print Name: Bernard Drury

DRMcA/sr



Exhibit 10.1

June 11, 2004

Aspect Capital Management Ltd.
Nations House – 8th Floor
103 Wigmore Street
London W1U 1QS, U.K.

Attention: Mr. Anthony Todd

Re:   Management Agreement Renewals

Dear Mr. Todd:

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, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Salomon Smith Barney Global Diversified Futures Fund L.P.
•  Salomon Smith Barney Diversified 2000 Futures Fund L.P.
•  Citigroup Diversified Futures Fund L.P.
•  Alera 100

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 and Director
By:  /s/ Simon Rockall

Print Name: Simon Rockall

DRMcA/sr



Exhibit 10.1

June 11, 2004

John W. Henry & Company, Inc.
301 Yamato Road, Suite 2200
Boca Raton, Fl. 33431-4931

Attn: Mr. Ken Webster

Re:   Management Agreement Renewals

Dear Mr. Webster:

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, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Shearson Mid-West Futures Fund
•  Shearson Lehman Select Advisors Futures Fund L.P.
•  Smith Barney Mid-West Futures Fund L.P. II
•  Smith Barney Westport Futures Fund L.P.
•  Hutton Investors Futures Fund, L.P. II (HIFF II)
•  AURORA 2001
•  AURORA III
•  Citigroup Diversified Futures Fund L.P.
•  Salomon Smith Barney Diversified 2000 Futures Fund L.P.
•  Alera 100
•  JWH Strategic Allocation Master Fund LLC


Page 2
June 11, 2004

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 and Director

JOHN W. HENRY & COMPANY, INC.

By:  /s/ Ken Webster

Print Name: Ken Webster

DRMcA/sr



Exhibit 10.1

June 11, 2004

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, 2005 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.
•  Alera 100

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 and Director
By:  /s/ Steve R. Crane

Print Name: Steve R. Crane

DRMcA/sr



Exhibit 10.1

June 11, 2004

Capital Fund Management
6 Boulevard Haussmann
75009 Paris
France

Attention: Jean-Pierre Aguilar, CFO

Re:  Management Agreement Renewals

Dear Mr. Aguilar:

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, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney Diversified Futures Fund L.P. II
•  Citigroup Diversified Futures Fund L.P.
•  Alera 100

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 and Director
By:  /s/ Jacques Sauliere

Print Name: Jacques Sauliere

DRMcA/sr



Exhibit 10.1

June 11, 2004

Graham Capital Management, L.P.
Rock Ledge Financial Center
40 Highland Avenue
Rowayton, CT 06853

Attention: Mr. Paul Sedlack

Re:    Management Agreement Renewals

Dear Mr. Sedlack:

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, 2005 and all other provisions of the Management Agreements will remain unchanged.

•  Smith Barney Global Markets Futures Fund
•  Smith Barney Diversified Futures Fund L.P. II
•  Smith Barney Diversified Futures Fund L.P.
•  Salomon Smith Barney Diversified 2000 Futures Fund L.P.
•  AURORA 2001
•  AURORA III
•  Salomon Smith Barney Fairfield Futures Fund L.P.
•  Citigroup Diversified Futures Fund L.P.
•  Citigroup Fairfield Futures Fund L.P. II
•  Alera 100
•  Alera Portfolio Spc

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 and Director
By:  /s/ Paul Sedlack

Print Name: Paul Sedlack

DRMcA/sr