June 30, 2006 Avant Asset Management Inc.
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[Citigroup Letterhead] |
Exhibit 10.32 |
June 30, 2006
Avant Asset Management Inc.
0000 Xxxxxxxxx Xxxxxx
Houston, Texas 7700527
Attention: Mr. Brick Diemer
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Re: |
Management Agreement Renewal |
Dear Xx. Xxxxxx:
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, 2007 and all other provisions of the Management Agreement will remain unchanged.
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CTA CAPITAL LLC |
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Citigroup Emerging CTA Portfolio L.P. |
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CMF Avant Master Fund L.P. |
Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Xx. Xxxxxx XxXxxxxxx at the address above or fax to 000-000-0000. If you have any questions I can be reached at 000-000-0000.
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Very truly yours, |
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CITIGROUP MANAGED FUTURES LLC |
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By: |
/s/ Xxxxxx X. XxXxxxxxx, Xx. |
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Xxxxxx X. XxXxxxxxx, Xx. |
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By: |
/s/ Xxxxx Xxxxxx |
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Print Name: |
Xxxxx Xxxxxx |
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DRMcA/sr
