Re: Management Agreement Renewals

Exhibit 10.1(b)

June 24, 2009

Altis Partners (Jersey) Limited
Xxxxxxx Xxxxx, 0xx Xxxxx
Xxxxxxx Xxxxxx
St Helier, Jersey
Channel Islands JE 2 4SF

Attention: Xx. Xxxxxxx X. Plane

Re:  Management Agreement Renewals

Dear Xx. Xxxxxxxxx:

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, 2010 and all other provisions of the Management Agreements will remain unchanged.

	•		CTA Capital LLC
	•		Citigroup Global Diversified Futures Fund L.P.
	•		Citigroup Emerging CTA Portfolio L.P.
	•		CMF Altis Partners Master Fund L.P.
	•		CMF Institutional Futures 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 Xx. Xxxxxxxx Xxxxx 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,
CITIGROUP MANAGED FUTURES LLC
By:		/s/ Xxxxxxxx Xxxxx Xxxxxxxx Xxxxx
		Chief Financial Officer & Director
By:		/s/ Xxxxxxx Plane
Print Name: Xxxxxxx Plane

JM/sr