Subject: FW: IPM Global Derivatives Fund - May
From: "Arlene Busch" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, "Hunter Biden" <[email-masked]>
Cc: "Joan Peugh" <[email-masked]>
Date: Tue, 14 Jun 2011 10:08:44 -0400

Arlene Busch

202-333-1880

[email-masked]

*From:* Fund Reports - IPM [mailto:[email-masked]]
*Sent:* Thursday, June 09, 2011 3:25 AM
*To:* IPM Client Relationship Management
*Subject:* IPM Global Derivatives Fund - May

Please find attached May 2011 monthly fund report for the *IPM Global
Derivatives Fund*.

We are delighted to announce that the IPM Global TAA Fund was awarded the
title best “Macro over $1bn” by the magazine HFMWeek on May 26. HFMWeek’s
European Performance Awards are held annually in London and recognizes the
industry’s best and brightest.

Earlier this year IPM was also voted “Hedge Fund Manager of the Year” at 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

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