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More importantly, given the way their peers are performing...not good.
Arlene Busch
202-333-1880
Abusch@rosemontseneca.com


-----Original Message-----
From: Eric Schwerin <eschwerin@rosemontseneca.com>
Date: Tue, 3 Apr 2012 11:18:47
To: <abusch@rosemontseneca.com>
Cc: Hunter Biden<hbiden@rosemontseneca.com>
Subject: Re: IPM Preliminary March Performance

Given the way the market performed in Q1, no it isn't.


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.

On Apr 3, 2012, at 11:18 AM, Arlene Busch wrote:

Not good performance.
Arlene Busch
202-333-1880
Abusch@rosemontseneca.com
From: Fund Reports - IPM <fundreports@ipm.se>
Date: Tue, 3 Apr 2012 15:08:13 +0000
To: IPM Client Relationship Management<IPMClientRelationshipManagement1@ipm.sthlm>
Subject: IPM Preliminary March Performance

Please find the preliminary March performance below.

Fund
Status
30-mar-12
YTD
ITD (ann.)
Inception Date
IPM Global TAA Fund (A-shares, USD)
Prel.
-1.55%
1.02%
-
-
IPM Global TAA Fund (B-shares, USD)
Prel.
-1.50%
1.15%
9.97%
2006-07-01
IPM Global TAA Fund (C-shares, EUR)
Prel.
-1.64%
0.79%
-
-
IPM Global TAA Fund (E-shares, USD)
Prel.
-1.58%
0.90%
-
-
IPM Global Currency Fund (A-shares, USD)
Prel.
-2.83%
-2.02%
4.20%
2005-04-01
IPM Global Derivatives Fund (C-shares, USD)
Prel.
-1.03%
-1.75%
-0.53%
2008-09-10
IPM Global Commodity Fund (C-shares, USD)
Prel.
4.75%
3.11%
-1.32%
2010-04-01
IPM Multi Strategy (C-shares, USD)
Prel.
-1.47%
-0.21%
-2.40%
2010-07-01

The content in this performance report has been obtained and compiled in good faith from sources believed to be reliable. However, no representation or warranty, expressed or implied, is made by IPM Informed Portfolio Management AB (“IPM”) with respect to the completeness or accuracy of its contents, and it is not to be relied upon as authoritative and should not be taken in substitution for the exercise of reasoned, independent judgment by you. Recipients are urged to base their investment decisions upon such investigations as they deem necessary. To the extent permitted by applicable law, no liability whatsoever is accepted by IPM for any direct or consequential loss arising from the use of this document or its contents. The content of this performance report must not be published or distributed in the United States.


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Client Services - IPM

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