Subject: FW: IPM Global TAA Fund - November
From: "Arlene Busch" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Joan Peugh" <[email-masked]>
Date: Tue, 13 Dec 2011 11:23:21 -0500

Arlene Busch

202-333-1880

[email-masked]

*From:* Fund Reports - IPM [mailto:[email-masked]]
*Sent:* Tuesday, December 13, 2011 11:15 AM
*To:* IPM Client Relationship Management
*Subject:* IPM Global TAA Fund - November

Please find attached November 2011 monthly fund report for the *IPM Global
TAA Fund*.

Company news: The European finance group Catella recently purchased a
minority stake in IPM. Please visit the media area on www.ipm.se for a full
press release.

If you have any questions, please contact your relationship manager
directly.

Alternatively, you may respond to this e-mail.

Kind regards,

Client Services - IPM

Client Services
*IPM Informed Portfolio Management AB
*S/B: +46 8 20 19 29,

Direct: +46 8 506 85 991

www.ipm.se

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