Dear Tudor, RenTec Investors

January performance.

Tudor Momentum Fund Ltd
January 2012: -0.04%
YTD: -0.04%

Tudor Tensor Fund Ltd
January 2012: 0.84%
YTD: 0.84%

Renaissance Institutional Futures Fund LP (Series A)
January 2012: 0.51%
YTD: 0.51%