16075 Delivered-To: hbiden@rosemontseneca.com Received: by 10.42.170.136 with SMTP id f8cs207551icz; Tue, 14 Jun 2011 07:09:13 -0700 (PDT) Received: by 10.91.52.8 with SMTP id e8mr7821347agk.37.1308060552119; Tue, 14 Jun 2011 07:09:12 -0700 (PDT) Return-Path: Received: from mail-gx0-f182.google.com (mail-gx0-f182.google.com [209.85.161.182]) by mx.google.com with ESMTPS id u1si12620022anj.191.2011.06.14.07.09.10 (version=TLSv1/SSLv3 cipher=OTHER); Tue, 14 Jun 2011 07:09:11 -0700 (PDT) Received-SPF: neutral (google.com: 209.85.161.182 is neither permitted nor denied by best guess record for domain of abusch@rosemontseneca.com) client-ip=209.85.161.182; Authentication-Results: mx.google.com; spf=neutral (google.com: 209.85.161.182 is neither permitted nor denied by best guess record for domain of abusch@rosemontseneca.com) smtp.mail=abusch@rosemontseneca.com Received: by gxk28 with SMTP id 28so5025873gxk.13 for ; Tue, 14 Jun 2011 07:09:10 -0700 (PDT) Received: by 10.91.197.25 with SMTP id z25mr7557136agp.185.1308060550148; Tue, 14 Jun 2011 07:09:10 -0700 (PDT) From: Arlene Busch MIME-Version: 1.0 X-Mailer: Microsoft Office Outlook 12.0 Thread-Index: AcwmbIIPnrXfgAo6SMCbBFlLhlVxHAEMBfUw Date: Tue, 14 Jun 2011 10:09:11 -0400 Message-ID: Subject: FW: IPM Commodity Fund - May To: Eric Schwerin , Hunter Biden Cc: Joan Peugh Content-Type: multipart/mixed; boundary=001636af02836fb41204a5ac94a3 --001636af02836fb41204a5ac94a3 Content-Type: multipart/ALTERNATIVE; boundary=001636af02836fb40904a5ac94a1 --001636af02836fb40904a5ac94a1 Content-Transfer-Encoding: QUOTED-PRINTABLE Content-Type: TEXT/PLAIN; charset=windows-1252 Arlene Busch 202-333-1880 abusch@rosemontseneca.com *From:* Fund Reports - IPM [mailto:fundreports@ipm.se] *Sent:* Thursday, June 09, 2011 3:24 AM *To:* IPM Client Relationship Management *Subject:* IPM Commodity Fund - May Please find attached May 2011 monthly fund report for the *IPM Commodity Fund. * * * We are delighted to announce that the IPM Global TAA Fund was awarded the title best =93Macro over $1bn=94 by the magazine HFMWeek on May 26. HFMWeek= =92s European Performance Awards are held annually in London and recognizes the industry=92s best and brightest. Earlier this year IPM was also voted =93Hedge Fund Manager of the Year=94 a= t the Global Pensions Award Ceremony, making this the second time in just a few months that IPM earns major recognition in the European financial sector. * * If you have any questions, please contact your relationship manager directly. Alternatively, you may respond to this e-mail. Kind regards, Sara Wetterholm Client Services *IPM Informed Portfolio Management*** S/B: +46 8 20 19 29 www.ipm.se P Please consider the environment before printing this e-mail This email and any attached files are confidential and may be legally privileged. If you are not the addressee(s), any disclosure, reproduction, copying, distribution, or use of this communication is strictly prohibited. If you have received this transmission in error please notify the sender immediately and then delete this email. Email transmission cannot be guaranteed to be secure or error free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of email transmission. If verification is required please request a hardcopy version= . IPM Informed Portfolio Management AB is authorised and regulated by the Swedish Financial Supervisory Authority. --001636af02836fb40904a5ac94a1 Content-Transfer-Encoding: QUOTED-PRINTABLE Content-Type: TEXT/HTML; charset=windows-1252

=A0

=A0

Arlene = Busch

202-333-1880

abusch@ros= emontseneca.com

=A0

From: Fund Reports - IPM [mailto:fundreports@ipm.se]
Sent: Thursday, June 09, 2011 3:24 AM
To: IPM Client Relat= ionship Management
Subject: IPM Commodity Fund - May

=A0

Please find attached May 2011 monthly fund report for the IPM Commodit= y Fund.=A0

=A0

We are delighted to announce that the IPM Global TAA Fund= was awarded the title best =93Macro over $1bn=94 by the magazine HFMWeek o= n May 26. HFMWeek=92s European Performance Awards are held annually in Lond= on and recognizes the industry=92s best and brightest.

=A0

Earlier this year IPM was also voted =93Hedge Fund Manager of th= e Year=94 at the Global Pensions Award Ceremony, making this the second tim= e in just a few months that IPM earns major recognition in the European fin= ancial sector.

=A0

If you have any questions, please contact y= our relationship manager directly.

=A0

Alternatively, you may respond to this e-mail.

=A0

=A0

Kind regards,

=A0

Sara Wetterholm


Client Services

IPM Informed = Portfolio Management

S/B:=A0 +46 8= 20 19 29

www.ipm.se

P Please c= onsider the environment before printing this e-mail

This email = and any attached files are confidential and may be legally privileged. If y= ou are not the addressee(s), any disclosure, reproduction, copying, distrib= ution, or use of this communication is strictly prohibited. If you have rec= eived this transmission in error please notify the sender immediately and t= hen delete this email. Email transmission cannot be guaranteed to be secure= or error free as information could be intercepted, corrupted, lost, destro= yed, arrive late=A0or incomplete, or contain viruses.=A0 The sender therefo= re does not accept liability for any errors or omissions in the contents of= this message, which arise as a result of email transmission. If verificati= on is required please request a hardcopy version. IPM Informed Portfolio Ma= nagement AB is authorised and regulated by the Swedish Financial Supervisor= y Authority.

=A0

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