June 1, 2013 Bleecker Street Capital, LLC

Exhibit 10.13(b)

June 1, 0000

Xxxxxxxx Xxxxxx Capital, LLC

000 Xxxxx Xxxxxx,

00xx Xxxxx

Xxx Xxxx, Xxx Xxxx 00000

Attention: Xx. Xxxxxx Xxxxxxxxx

Re: Management Agreement Renewal

Dear Xx. Xxxxxxxxx:

We are writing with respect to your management agreements 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, 2014 and all other provisions of the Management Agreement will remain unchanged.

• Emerging CTA Portfolio L.P.

Please acknowledge receipt of this modification by signing one copy of this letter and returning it to the attention of Xx. Xxxxxx Xxxxxx at the address above or fax to 000-000-0000. If you have any questions I can be reached at 000-000-0000.

Very truly yours,

CERES MANAGED FUTURES LLC
By:		/s/ Xxxxxx Xxxxxx
		Xxxxxx Xxxxxx
		Chief Financial Officer & Director
BLEECKER STREET CAPITAL, LLC
By:		/s/ Xxxxxx Xxxxxxxxx
Print Name:		Xxxxxx Xxxxxxxxx
DG/sr