|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: ML JWH STRATEGIC ALLOCATION FUND LP, 424B3, 1999-08-13 |
Next: NORTH CENTRAL BANCSHARES INC, 10-Q, 1999-08-13 |
<PAGE>
MERRILL LYNCH INVESTMENT PARTNERS INC.
[LOGO]
ML JWH STRATEGIC
ALLOCATION FUND L.P.
MONTHLY STATEMENT MAY 1999
[MERRILL LYNCH LOGO]
<PAGE>
ML JWH STRATEGIC ALLOCATION FUND L.P.
Dear Limited Partner,
The Net Asset Value per Unit of ML JWH Strategic Allocation Fund L.P. (the
"Fund") decreased 0.15% in May to $158.41 per Unit on May 31, 1999
from $158.66 on April 30, 1999.
FOR THE EXCLUSIVE USE OF INVESTORS IN ML JWH STRATEGIC ALLOCATION FUND L.P.
THIS MONTHLY REPORT IS NOT AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO
BUY ANY SECURITIES. AN OFFER CAN ONLY BE MADE BY THE CURRENT PROSPECTUS
TOGETHER WITH SUMMARY FINANCIAL INFORMATION FOR THE FUND CURRENT WITHIN 60
DAYS. THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT RISK FACTORS,
PERFORMANCE AND OTHER ASPECTS OF THE FUND AND MUST BE READ CAREFULLY BEFORE
INVESTING. FUTURES TRADING IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF
RISK. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
THIS MONTHLY REPORT MUST NOT BE REPRODUCED OR DISTRIBUTED IN ANY MANNER.
<PAGE>
ML JWH STRATEGIC ALLOCATION FUND L.P.
MAY 31, 1999
STATEMENT OF CHANGES
IN NET ASSET VALUE
(UNAUDITED)
<TABLE>
<S> <C>
Net Asset Value (2,256,246 Units) at
April 30, 1999 $357,967,554
Net Income/(Loss) for May 1999 (545,690)
Redemptions of 27,484 Units (4,353,740)
------------
Net Asset Value (2,228,762 Units) at
May 31, 1999 $353,068,124
------------
------------
Net Asset Value per Unit at
May 31, 1999 $ 158.41
------------
------------
<CAPTION>
- ------------------------------------------------------------------------------
STATEMENT OF INCOME/(LOSS)
(UNAUDITED)
May
------------
<S> <C>
Revenues:
Realized Profit/(Loss) $ 4,454,130
Change in Unrealized Profit/(Loss) (3,964,803)
------------
Total Trading Results 489,327
Interest Income 1,433,452
------------
Total Revenues 1,922,779
Expenses:
Brokerage Commissions 2,336,458
Administrative Fees 75,370
------------
Total Expenses 2,411,828
------------
Income/(Loss) Before Special Profit
Share Allocation and Minority Interest (489,049)
------------
Minority Interest 243
Special Profit Share Allocation (56,884)
------------
Net Income/(Loss) From Joint Venture (545,690)
------------
Net Income/(Loss) $ (545,690)
------------
------------
</TABLE>
- ------------------------------------------------------------------------------
TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE UNDERSIGNED THE INFORMATION
CONTAINED IN THIS REPORT IS ACCURATE AND COMPLETE.
/s/ Michael Pungello
---------------------------------------
Michael Pungello
Chief Financial Officer
MERRILL LYNCH INVESTMENT PARTNERS INC.
<PAGE>
Please notify the following of any address changes:
MERRILL LYNCH INVESTMENT PARTNERS INC.
Princeton Corporate Campus
800 Scudders Mill Road, Section 2G
Plainsboro, New Jersey 08536
JWHSDOM
|
|